FCA contacts adviser concerned about firm's low number of DB transfers

The adviser - who preferred to remain anonymous - told Professional Adviser the letter first outlined the FCA was contacting firms following a data gathering exercise because it was concerned about the volume of DB transfers across the sector, only to point out it was concerned by the small number of transfers carried out by the firm in the next paragraph. Since April 2015, the firm has carried out just five DB pension transfers. The adviser said each of those individuals were facing unique situations, several of which were existing clients who had fallen ill as they got older. The ad...