DB pension freedom rights 'eroded' by Dear CEO letter
FCA contacted firms 22 March
"No provider in the land is going to accept liability for unconnected third-party advice firms" - Intelligent Money's Julian Penniston-Hill
The recent 'Dear CEO' letter sent by the FCA to pension providers could mean pension freedoms for defined benefit (DB) scheme members are "being eroded", one SIPP provider has warned.
Last Friday (22 March) the Financial Conduct Authority (FCA) sent out a letter addressed to the CEOs of major pension providers. The regulator said the letter was the result of a review into pension...
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