Thousands of DB transfers carried out by firms that lost permissions
19 firms lost transfer permissions since 2015
Advice firms that lost their defined benefit (DB) transfer permissions carried out thousands of transfers before regulatory intervention, it has emerged.
Since 2015, some 4,659 transfers were arranged by 19 advice firms that have since surrendered their transfer permissions, or had them removed by the regulator, the Financial Conduct Authority (FCA) told...
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