PA360: 'Big chance PI for DB transfers will disappear'

Speaking at a panel discussion on DB transfers on 24 April, the CTC Software co-founder and managing director (pictured) told the room the odds were that PI insurance on DB transfers would soon be a thing of the past. "There is a big chance PI will disappear and then what do you do?" he said. "Fall back on the Financial Services Compensation Scheme?" Rising DB transfer claims push 2018/19 FSCS levy to £407m Parkin Consulting pensions and retirement consultant Richard Parkin, who also spoke on the panel, said the Financial Conduct Authority's (FCA) decision not to scrap the unsuitab...