FCA clear it's best to remain in DB scheme - Rory Percival
Also warns of 'conflict of interest' in contingency charging
The Financial Conduct Authority (FCA) has "hammered home" the default option when considering transferring a client out of a defined benefit (DB) pension should be to stay with the guaranteed income, Rory Percival has said.
Speaking at The Great Pensions Debate in Peterborough, the former FCA technical specialist-turned consultant said this "default" position of the regulator was likely to continue. However, despite recognising...
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