Three things your clients may call you about this week... FCA urged to take action over pension transfer advice

FCA urged to probe pension transfer advice Welsh MP Nick Smith, whose Blaenau Gwent constituents have been affected by pension transfers, has called for the FCA to take action after a freedom of information request requested by Buck, revealed the regulator is planning to write to 1,841 financial advisers over pension transfers, an article in the Financial Times says.  That number represents a little more than three-quarters of the firms who gave defined benefit transfer advice between 2015 and 2018. Smith said: "Now that we know how serious the situation is, we urgently need to kno...