FCA issues stark warning to DB transfer advisers following review
'We will not hesitate to use powers'
The Financial Conduct Authority (FCA) has issued a stark warning to firms operating in the DB transfer arena after gathering evidence that suggests incompetence in this part of the advice market.
On Thursday (6 December) the FCA revealed its latest findings on its multi-firm supervisory work on pension transfer advice, which it has been carrying out since 2015. In 2018 it collected information...
More on Retirement
Revealed: More than 1,000 firms varied pension transfer permissions in 2018 and 2019
Freedom of information request
Alternatives and ESG floundering in DC investment
Aon research
Government urged to relax rules to enable savers to rebuild pension pots
Lane Clark & Peacock partner Steve Webb has called on the treasury to relax rules which could act as a barrier to people aiming to rebuild their pension pots when the Covid-19 crisis is over.
Former pensions minister Ros Altmann calls for six-month pause on pension transfers
Market volatility means inaccurate CETVs
Coronavirus-related fraud causes losses of £970,000
Nearly £1m lost already
More news
Adviser investment propositions part 2: The medium-sized firm
'Final piece in the puzzle'
Adviser network Beaufort Group branches out to mortgage advice
Meets increasing demand
Ascot Lloyd continues consolidation push with acquisition after hiring M&A specialist
Latest purchase adds £382m FUM
