'We will be closing down firms' - FCA's Megan Butler on DB transfers
Regulator has visited some firms already
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 the...
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