LEBC agrees to stop DB transfer work

PA has seen a note from the firm that revealed it has voluntarily agreed with the Financial Conduct Authority (FCA) to alter its regulatory permissions, meaning it will stop offering regulated advice on DB transfers. The note said the firm will not be tendering for new DB transfer projects, nor will it be able to complete advice on existing assignments. A separate statement from LEBC chief executive officer Jack McVitie, given to Professional Adviser, said: "National advice firm LEBC has agreed with the FCA to voluntarily alter its permissions to provide advice on transfer or conversi...