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

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, meaning it would stop offering regulated advice on DB transfers. Large numbers of DB pension schemes are currently undergoing de-risking plans. These can involve things like offering members pension transfers or restructuring member benefits, as in the case of pension increase exchanges (PIEs) and are all areas that may require them to provide or offer regulated financial advice to their ...