FCA proposes low-cost 'abridged advice' service for DB transfers
Cannot recommend transfer
The Financial Conduct Authority (FCA) has proposed introducing low-cost 'abridged advice' on potential pension transfers for customers where a pension transfer is likely to be unsuitable.
According to the regulator, abridged advice must be carried out or checked by a pension transfer specialist. It would take in the initial stages of the usual advice process, such as conducting a fact-find...
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