Defined Benefit  

Phoenix stops £30m of pension transfers

“My view is, why on earth would you buy anything when it’s totally unsolicited, and the very fact that it is a cold call must of its very nature make one suspicious. These firms need to phone 50 people to find one sucker so either it’s a legitimate business with enormous mark-ups, or it's fraudulent.

“The key message would be that if it’s worth somebody making a cold call, then somebody else is making a lot of money out of it.”

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