FCA hones in on 90 most active firms in DB transfer market

Speaking on an FCA podcast, head of intermediaries and scams Chris McGrath revealed the financial watchdog was looking at the 90 most active firms in the DB market, and judging their advice processes. He said: "We're individually assessing the 90 most impactful firms that are operating in this space, which involves us visiting the firm, understanding their approach and their processes around DB advice and making judgements on whether they are giving good advice or not and taking action on them." McGrath then went on to say the regulator had written to 1,600 "less impactful" firms oper...