FCA issues data request to 65 advisers over Rolls-Royce DB pension scheme

Rolls-Royce to cut 9,000 jobs

Hannah Godfrey
clock • 1 min read

The Financial Conduct Authority (FCA) has issued a data request to 65 financial advisers who advised on transfers from the Rolls-Royce defined benefit (DB) scheme.

The FCA, the Pensions Regulator (TPR) and the Money and Pensions Service (MaPS) have been actively engaging with Rolls-Royce and the scheme's trustees in order to be "vigilant" against the risks associated with increased transfer requests as a consequence of redundancies. According to a BBC article from July, more than 3,000 workers expressed interest in voluntary redundancy at Rolls-Royce across its UK operations.    In May Rolls-Royce announced plans to reduce 9,000 jobs across its global workforce. The following questions were asked of advisers as part of the FCA's data request:...

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