Question: What impact do you think the FSA review on pension transfers will have on the industry?

clock •

Each month, we ask our industry to answer one big question!

Peter Carter is head of product marketing at Met Life UK The pensions transfer market is potentially a huge opportunity for advisers with an estimated value of around £10 billion a year which easily outstrips the £6 billion a year value of the drawdown market. The FSA review of the pensions transfer market is therefore worrying when it reveals around 16% of the cases it has examined since A-Day have been wrongly advised. The FSA will carry out further checks in the third quarter of 2009 and write to all 4,500 firms that advise on transfers setting out the standards it expects. It is i...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Why the pensions dashboard could raise more questions than it answers

Why the pensions dashboard could raise more questions than it answers

The 31 October connection deadline was a 'starting gun rather than the finish line'

Robert Holford
clock 09 November 2026 • 4 min read
Pension Lab processes more than one million digital LoAs

Pension Lab processes more than one million digital LoAs

Challenge around ‘standards for consistency’

Sophia Panayi
clock 06 November 2026 • 1 min read
DWP, TPR and FCA launch consultation on guided retirement to help 'resurrect' pensions

DWP, TPR and FCA launch consultation on guided retirement to help 'resurrect' pensions

Consultation covers how default pensions should work in practice

Holly Roach
clock 03 November 2026 • 6 min read