FCA scrutinises DB transfer advisers with extensive survey

Professional Adviser has seen a copy of the eight-page document that asked firms to answer each question considering all transfers they have undertaken from the introduction of pension freedom on 6 April 2015 up to 30 November 2017. The 45 firms were sent the questionnaire in December, and had until 8 January to respond. The survey formed part of phase three of the regulator's four-phase multi-firm supervision exercise into defined benefit (DB) transfers that has been ongoing since October 2015. The questionnaire was broken down into seven sections. The first - business model and stru...