FCA video tells consumers how to spot bad DB transfer advice

Transferring out of DB scheme

Sophie King
clock • 1 min read

The Financial Conduct Authority (FCA) has published a video on defined benefit (DB) transfers to help consumers better understand the advice they received on a transfer.

The regulator said the video would help those who have transferred out of their DB pension and are unclear whether they received good quality advice, including former members of the British Steel Pension Scheme. It said the 17 minute video would also be of interest to those who may be considering transferring out and therefore wish to understand what the process should look like before they start.  The FCA said the video highlighted "key information" customers should be provided with by their adviser, and also offered clients questions they should ask. In the video, FCA senior asso...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

AI and the FCA: Regulating the brave new world

AI and the FCA: Regulating the brave new world

'This is as much about learning as it is about supervision'

Alison Gay
clock 23 April 2026 • 4 min read
FCA cracks down on illegal crypto trading

FCA cracks down on illegal crypto trading

Eight premises targeted

Jen Frost
clock 22 April 2026 • 2 min read
Average adviser age falls to late 40s

Average adviser age falls to late 40s

FCA’s 2025 Adviser Survey also finds number of advice firms decreased

Sophia Panayi
clock 22 April 2026 • 2 min read