The number of financial advice firms who have withdrawn their pension transfer permission application has jumped fifteen-fold in one year, a freedom of information (FOI) request by Professional Adviser has revealed.
Professional Adviser's FOI request asked the Financial Conduct Authority (FCA) for data on the number of advice businesses that applied for pension transfer permissions from 2015 until the end of 2019,...
Freedom of information request
£970,000 lost already
Lane Clark & Peacock partner Steve Webb has called on the treasury to relax rules which could act as a barrier to people aiming to rebuild their pension pots when the Covid-19 crisis is over.
'Final piece in the puzzle'
Meets increasing demand
Latest purchase adds £382m FUM