Rory Percival on where advisers are going wrong with DB transfers

Percival, who worked at the Financial Conduct Authority (FCA) for ten years before setting up his own consultancy firm, tells listeners he was "disappointed" to hear record keeping continues to be problematic in the adviser market when it comes to adviseing on defined benefit (DB) transfers.

The regulatory expert points out failing to properly record keep could mean advisers are breaching COBS rules, and even those firms that believe they are the "good guys" often get it wrong.

Away from DB transfers, Percival reckons the next big issue on the regulator's agenda is retirement income advice, pointing the FCA was looking into the area before the DB saga took centre stage.

To hear what Percival has to say in full, please click the embed link below.

You can listen to the podcast - and all out other episodes - through iTunes and Spotify by searching The Pro Adviser Podcast or Professional Adviser in their respective podcast libraries. You can also click the embedded play button above to listen. 

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