FCA 'widening probe' into growing DB transfer market

In an interview with Financial Conduct Authority (FCA) head of supervision Megan Butler (pictured) last week, the Financial Times was told the regulator would continue to look at the defined benefit (DB) transfer market more widely. This followed a study into the practices at nine of the most active firms in the transfer market, launched by the FCA in January. The regulator has confirmed its plans to Professional Adviser, though it stressed the undertaking was not an official investigation.  Butler told the FT: "It's important we don't extrapolate from these nine firms to a wider i...