FCA letter prompts third SIPP provider to stop accepting DB transfers

Third firm in two weeks

Sophie King
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Westerby Trustee Services has become the third provider to stop accepting DB transfers in the wake of a 'Dear CEO' letter sent out by the FCA
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Westerby Trustee Services has become the third provider to stop accepting DB transfers in the wake of a 'Dear CEO' letter sent out by the FCA

Westerby Trustee Services has become the third provider to stop accepting DB transfers in the wake of a 'Dear CEO' letter sent out by the Financial Conduct Authority (FCA) at the end of last month.

The Leicester-based company wrote to its clients on Thursday (4 April) to inform them it would not be accepting new defined benefit (DB) transfers until it had received further clarity from the FCA...

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