Contingent charging ban could 'severely' cut DB advice supply

Consultation closes on 30 October

Jenna Brown
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Aegon's Steven Cameron: "We continue to believe an overall ban on contingent charging will reduce access to advice."
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Aegon's Steven Cameron: "We continue to believe an overall ban on contingent charging will reduce access to advice."

Tougher regulation of defined benefit (DB) advice could result in a "sharp shrinkage" in supply leaving consumers more vulnerable, Aegon has warned.

The provider made the comments in its response to the Financial Conduct Authority's (FCA) consultation Pension transfer advice: contingent charging and other proposed changes (CP19/25) which closes today...

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