Firms with transfer permissions to submit data to FCA every six months

Consultation paper

Hannah Godfrey
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"We want to ensure the data we collect on firms’ PII cover, particularly for firms that undertake high-value business such as DB pension transfer advice, allow us better to identify developments that could adversely impact consumers" - the FCA
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"We want to ensure the data we collect on firms’ PII cover, particularly for firms that undertake high-value business such as DB pension transfer advice, allow us better to identify developments that could adversely impact consumers" - the FCA

The Financial Conduct Authority (FCA) is looking to require adviser firms with pension transfer permissions to submit data to the regulator on a six-monthly basis.

In consultation paper CP 19/25, published on Tuesday morning (30 July), the financial watchdog proposed adding a new section to the Retail Mediation Activities Return (RMAR) form on pension transfer specialist...

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