With all these changes in Pension Companies who have failed their beneficiaries – how can A J Bell refuse to pay out pension income to Mr S – on one hand then advise Mr S to transfer ? Interestingly Mr A J Bell is going to charge £ 175 per hour plus VAT for his executives and Trustees and charge these hourly rates against the pension fund ? ( Which the Trustees manage and administer – or NOT ? I wonder how the VAT Man will look on that ? Should all pensions be VAT Registered as there is only one TAX on Pensions schemes – EXCEPT at A J Bell ?