Mattioli Woods is to stop providing pension transfer advice to individuals with safeguarded benefits and is now undertaking a full review of its work in this area.
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 ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
