FCA asks advice firms to remove unused pension transfer permissions
Fifth of market not using DB permissions
The FCA has written to advice firms asking them to consider removing their pension transfer permissions.
The Financial Conduct Authority (FCA) has written to advice firms asking them to consider removing their pension transfer permissions if they have not used them, Professional Adviser can reveal.
PA is aware of at least one firm that has been contacted by the regulator after holding the pension transfer permission without ever using it for defined benefit (DB) transfer work. PA understands the...
More on Regulation
Chris Davies: The FCA and your financial resilience
Systems, controls, governance and culture
Karl Dines: To CRP or not to CRP?
'PROD is a superhero'
FSCS hands out another £8.4m to LCF investors
Following more reviews
The value of value assessments: What next for AoVs?
Beyond the FCA's seven considerations
Nicky Morgan among trio to join FSCS board
Non-exec director
Back to Top
More news
SJP helps 39 advisers launch businesses during lockdown
Range from 24 to 59 years old
Unregulated introducers ordered to pay nearly £17.5m restitution to consumers
Directors to pay upwards of £6m
Sanlam launches free virtual financial consultation service
Sanlam on Demand
GBST boosts Catalyst digital hub with help from VitalityInvest
No need for wet signatures
Passive-only fund of funds outperform active counterparts - Morningstar
Fees play a big part
