Defining Broken Transfers: Is contingent charging a red herring?

When discussing defined benefit (DB) transfer advice, contingent charging has become a topic that demands to be acknowledged. But it was not always like this. In fact, for years after the pension freedoms came into play, contingent charging was hardly mentioned. The Financial Conduct Authority first made reference to contingent charging in March 2018, a month after the Work and Pensions Select Committee (WPC) first urged the regulator to ban the practice. The Westminster committee citied it as "a key driver of poor advice" and arguing "genuine independence is not compatible with a charging model...