The Financial Conduct Authority (FCA) has pressed firms it has deemed have high defined benefit (DB) transfer conversation rates for additional information on their DB transfer advice process.
In a letter sent to one adviser at the end of October, who preferred not to be named, the regulator said their firm's transfer conversion rate, which was above 50%, suggested it may "not be acting in line...
Ahead of December deadline
In preparation for December deadline
CISI Financial Planning conference
Expanding the 'regulatory perimeter'
Engage with followers
Revisiting the portfolio debate
Health and wellbeing focus
'Shortcut to rationality'