'We will be closing down firms' - FCA's Megan Butler on DB transfers

Regulator has visited some firms already

Hannah Godfrey
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"Quite frankly, we have given every indication we can to this industry as to the standards these firms should be meeting" - the FCA's Megan Butler
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"Quite frankly, we have given every indication we can to this industry as to the standards these firms should be meeting" - the FCA's Megan Butler

Pulling no punches, FCA director of supervision Megan Butler has told Professional Adviser the regulator will be closing adviser firms if they are not "ready, willing and able" to improve their pension transfer processes.

Speaking to PA this morning (19 June) the Financial Conduct Authority (FCA) director of supervision - investment, wholesale and specialist made it clear the regulator was extremely unimpressed with...

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