FCA action sees 130 firms quit DB transfer advice in 2020
FCA report
At the time of publication, 1521 advice firms still hold DB transfer advice permissions.
Financial Conduct Authority (FCA) intervention saw 130 advice firms stop providing defined benefit (DB) transfer advice in 2020, the regulator has reported.
In a report published this morning (18 January), the watchdog also revealed that, out of 1,797 advice firms surveyed, 1,310 gave DB transfer advice between October 2018 and March 2020. However, in those...
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