Fewer than half of DB transfers deemed suitable by FCA
One-quarter 'unsuitable'
The Financial Conduct Authority deemed fewer than half (47%) of the defined benefit (DB) transfers it reviewed - where the recommendation was to transfer - to be suitable, its latest report has shown.
The regulator reviewed 88 DB transfers after October 2015 and decided 47% were suitable, 17% were unsuitable and the remaining third (36%) were inconclusive. It also considered the suitability of the...
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