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 a...