FCA to collect data from all advice firms with DB transfer permissions

45 more firms asked for information

Hannah Godfrey
clock • 2 min read

The Financial Conduct Authority (FCA) has revealed plans to collect data from all firms that hold pension transfer permissions in 2018.

A letter from FCA executive director of supervision Megan Butler to parliamentary Work and Pensions Select Committee chair Frank Field revealed the regulator's pension transfer plans for the upcoming year. It said it would be collecting data from all firms who hold the transfer permission with the intention of assessing practices across the entire market and so build a national picture. British Steel DB transfer-suspended firm on FCA's radar since 2016 The financial watchdog also revealed it had recently asked an additional 45 firms that are active in defined benefit (DB) transfers...

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