FCA delays decision on DB transfer contingent charging ban

May consult on 'new interventions' next year

Tom Ellis
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"We will carry out further analysis and consult on new interventions if appropriate in the first half of next year" - FCA's Christopher Woolard
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"We will carry out further analysis and consult on new interventions if appropriate in the first half of next year" - FCA's Christopher Woolard

The Financial Conduct Authority (FCA) has held back from making any changes to its rules on contingent charging for defined benefit (DB) transfers in its latest policy paper on the subject.

In its March consultation paper on improving the quality of pension transfer advice, the regulator said it was "considering if it is necessary to intervene in the way charges are levied for pension...

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