FCA ready to leave insistent clients in advisers' hands

In its consultation paper on advising DB transfers the regulator re-affirmed it would not seek to prevent pension transfers away from safeguarded benefits when an adviser's recommendation was against it, and said it was up to the adviser whether they facilitated the transfer in such cases. However, the watchdog warned it was "essential" the implications of a transfer away from safeguarded benefits were explained properly to a client so they understood fully the decision they were making. "It is important to make sure the original personal recommendation is suitable and that the reason...