LEBC transfer market withdrawal and its impact on DB scheme 'de-risking'

'LEBC were biggest player'

Kim Kaveh
clock
There are mixed views as to whether LEBC's market drop-out will effect DB de-risking
Image:

There are mixed views as to whether LEBC's market drop-out will effect DB de-risking

Pension scheme experts are split as to how much LEBC's withdrawal from the defined benefit (DB) transfer advice market will impact scheme de-risking plans, and whether it will lead to further market dropouts.

It follows news revealed by Professional Adviser on Monday (2 September) that the national IFA firm had voluntarily agreed with the Financial Conduct Authority (FCA) to alter its regulatory permissions,...

To continue reading this article...

Join Professional Adviser

 

  • 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 Retirement

Industry Voice: New Consumer Duty - are advisers ready for the changes?

Industry Voice: New Consumer Duty - are advisers ready for the changes?

Jamie Jenkins, Director of Policy & External Affairs, Royal London
clock 26 May 2022 • 4 min read
Little variation between advisers CRPs and CIPs, FE finds

Little variation between advisers CRPs and CIPs, FE finds

‘Generation DC’

Jenna Brown
clock 18 May 2022 • 2 min read
Value for money: Half of savers don't care about costs

Value for money: Half of savers don't care about costs

B&CE research finds savers are more engaged with mortgage and banking charges

Hope William-Smith
clock 16 May 2022 • 1 min read