Search button Manage account button
Simply meeting people’s financial needs
Menu

We'll be making some updates to our systems from 1pm on Saturday 25 May to 12pm on Monday 27 May.

During this period some services will be unavailable. Thanks for your patience.

Contact our press team

Eloise Henderson
Head of Strategic Communications
T: 01293 205335
M: 07741 384460
E: media@bandce.co.uk

Alana Stuart
Press Officer
T: 01293 205332
M: 07471 354733
E: media@bandce.co.uk


We have responded to HM Treasury’s consultation into pension transfers and early exit charges.

This consultation sought responses on options to address possible barriers to people switching their pensions to access the new freedoms, including:

  • excessive early exit penalties;
  • the process for transferring pensions from one scheme to another;
  • and the circumstances in which someone should seek financial advice.

We recognise the need for savers to receive advice, but have highlighted the issues faced by those trying to obtain it. We have called for a relaxation of the advice perimeter to allow greater access to simple advice. Greater availability of robo-advice would be helpful, as would the adoption of standardised and automated transfer processes.

Read our full response here.