Northampton firm suspends DB transfer service

Part of multi-firm supervision exercise

Hannah Godfrey
clock • 1 min read

Northampton-based David Williams IFA has become the latest firm to temporarily suspend its defined benefit (DB) pension transfer service.

David Williams IFA was contacted for comment but had not replied at the time of writing.  According to the Financial Conduct Authority (FCA) register, however, the firm will: "Immediately cease to provide advice in relation to the transfer, or conversion, of safeguarded benefits under a pension scheme to flexible benefits".   This is the latest in a series of such suspensions that began with Intelligent Pensions and has since included Selectapension, Chichester-based Financial Solutions Midhurst, and Flintshire-based Strategic Wealth UK. The suspensions are part of the FCA's multi-...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Defensive income before retirement: A four layered framework

Defensive income before retirement: A four layered framework

Entering decumulation can be an unsettling time for clients

Joe Simpson
clock 10 August 2026 • 4 min read
The FCA's decumulation challenge: Can UK REITs help deliver sustainable retirement income?

The FCA's decumulation challenge: Can UK REITs help deliver sustainable retirement income?

A look at the three Ss of retirement income

James Peel
clock 04 August 2026 • 7 min read
What the decumulation shift means for advice firms, and how the best are responding

What the decumulation shift means for advice firms, and how the best are responding

'Technology is part of this picture in ways that are worth being honest about'

Andy Zanelli
clock 14 July 2026 • 4 min read