The Financial Conduct Authority's (FCA) long-anticipated defined benefit (DB) transfer questionnaire has been sent to several firms in Scotland, Professional Adviser can reveal.
The questionnaire, which marks the final phase of the FCA's multi-firm supervision exercise on DB transfers, has asked firms for pension transfer activity data from April 2015 to September 2018. A freedom of information (FOI) request sent by Professional Adviser to the regulator earlier this year revealed some 3,026 firms are in scope to receive the questionnaire. Every single advice firm with pension transfer permissions will eventually receive the survey. PA's FOI request revealed the regulator would initially send a pilot to a small sample of advice businesses before sending it to...
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