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...

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 Regulation

 FCA chief: No allegations of Budget leak market abuse so far

FCA chief: No allegations of Budget leak market abuse so far

Told MPs on the Treasury Committee the leak caused serious concern

Alex Sebastian
clock 16 December 2025 • 3 min read
FCA's non-financial misconduct rules 'opaque' over social media activity

FCA's non-financial misconduct rules 'opaque' over social media activity

Lack of definitions and case studies

Cristian Angeloni
clock 16 December 2025 • 2 min read
2025: Reflecting on a 'sustained wave' of regulation

2025: Reflecting on a 'sustained wave' of regulation

The FCA has issued 34 consultation papers this year

Paul Bruns & Sandy McGregor
clock 16 December 2025 • 4 min read