FCA finds poor pension transfer advice; writes to SIPP CEOs over firm failings

Laura Miller

The Financial Conduct Authority (FCA) has found evidence of poor pension transfer advice, and, in a separate review, has written to the CEOs of self invested personal pensions (SIPP) providers raising concerns over firm failings.

A review commissioned by the FCA into financial advice to people who were offered enhancements (ETVs) to incentivise them to leave their employers' defined benefit (DB) pension schemes has identified a...

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