LEBC agrees to stop DB transfer work

Cannot continue ongoing transfers

Jack McVitie: "National advice firm LEBC has agreed with the FCA to voluntarily alter its permissions to provide advice on transfer or conversion of safeguarded benefits within a pension arrangement."
Jack McVitie: "National advice firm LEBC has agreed with the FCA to voluntarily alter its permissions to provide advice on transfer or conversion of safeguarded benefits within a pension arrangement."
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National IFA LEBC Group has stopped offering advice on defined benefit (DB) transfers after a review from the FCA, Professional Adviser can reveal.

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...

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