FCA opened 67 investigations into DB transfer advice over last three years

Consumer complaints against firms for misadvised DB transfers also rising

FCA opened 67 investigations into DB transfer advice over last three years
FCA opened 67 investigations into DB transfer advice over last three years
  • Stephen Little
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The Financial Conduct Authority (FCA) has opened 67 investigations into defined benefit (DB) transfer advice misconduct claims over the past three years.

However, while the number of complaints to the Financial Ombudsman Service (FOS) has significantly increased, the number of investigations by the FCA is falling. A Freedom of Information (FOI) request...

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