FCA weighs up U-turn to ban contingent charging on DB transfers
To 'address conflicts of interest'
"We want to ensure people receive suitable advice and drive down the number giving up valuable defined benefit pensions when it is not in their interests to do so" the FCA's Christopher Woolard
The Financial Conduct Authority (FCA) is consulting on plans to ban contingent charging on defined benefit (DB) transfer advice.
In a consultation paper - CP19/25 - released this morning (30 July), the regulator expressed concern that too many advisers were delivering poor advice, much of it driven by conflicts of interest in the...
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