Grove Pension Solutions - Pension Transfer & Pension Release Experts

Q1 – Do you have any comments on the intended commencement dates of our proposals or the draft Handbook text set out in Appendix 1?
Yes – they seem too soon for companies involved in this very complex area to make the relevant changes to processes etc, particularly given the timeframe a DB transfer takes (around 6 months on average)....

The goals outlined by the FCA in this paper are commendable in attempting to address the considerable risk of the DB transfer market and the undoubted ease with which some unscrupulous firms can operate in this area.
Although a lot of what is being proposed is doubtless already applied by the more established and reputable transfer specialists, any additional rules to enhance consumer protection and help consumers make informed decisions, can only be a good thing...

The ICO fined Grove £40,000, which was reduced to £32,000 for prompt payment. The fine was because they said we had sent marketing emails without the correct consent from the consumer.
We had received professional advice that our consent was acceptable....

O&M have just announced they are closing their DB transfer advice bureau (2nd May 2018), which is a service they provide for introducing IFA’s, according to a report in FT Adviser.
O&M Pension Advice is a trading name of Independent Pension Analysis Ltd....