When the Financial Conduct Authority (FCA) begun its life back in April 2013, it was adamant it would not become a retrospective regulator but, particularly in the case of defined benefit (DB) transfers, it has had to deal with accusations of responding only after disaster has struck. Speaking to Professional Adviser, however, the FCA strongly refutes that opinion.
When the Financial Conduct Authority (FCA) begun its life back in April 2013, it was adamant it would not become a retrospective regulator. But, particularly in the case of defined benefit (DB) transfers, it has had to deal with accusations of responding only after disaster has struck. Speaking to Professional Adviser, however, the FCA strongly refutes that opinion. In an exclusive interview with PA, more of which can be read throughout this article, the FCA's director of supervision, life insurance and financial advice, Debbie Gupta is robust in her defence of the watchdog's actions on transfer...
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