Mattioli Woods ceases DB transfer advice

In a statement, the specialist wealth management and employee benefits business revealed it had been in dialogue with the Financial Conduct Authority (FCA) during the course of the regulator's industrywide review of the advice being provided on transfers from defined benefit (DB) to defined contribution schemes, which began in October 2015. Mattioli Woods said: "The group has been in dialogue with the FCA during the review and, in the context of that dialogue, the group is currently undertaking a full review of its work in this area. While this review is in progress, the group has taken ...