Image:
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...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Tap into our community intelligence through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
