PFS issues new pension transfer guide

The new guide will replace last year's update to the original guidance issued in 2016, and follows the Financial Conduct Authority's (FCA) March policy statement on advising on pension transfers. Chief executive Keith Richards (pictured) said mandating professional advice is a vital consumer protection component and the updated guide aims to give members clarification around changing advice requirements, as well as ongoing good practice gained from experts from across the sector. "Defined benefit pension transfer advice continues to be a key area of focus for the FCA, government and c...