PA360: FCA wants watertight documentation on pension transfer advice

LV= head of policy Philip Brown said advisers must start with the mindset of documentation first or risk even-greater scrutiny from the Financial Conduct Authority (FCA). "There is an unprecedented level of FCA engagement at the moment," he told delegates at PA 360. Brown, who previously worked at the Financial Services Authority, said consumers faced an increased level of pension complexity as the accumulated more and more pots throughout their career which has resulted in the level of interest in pension consolidation and transfers rising. However, he added it was essential advis...