Only three advice firms applied for pension transfer permissions in 2020
FOI
The number of advised client complaints about pension transfers fell by five per cent in 2020 compared to the previous year.
The Financial Conduct Authority (FCA) received just three applications for full pension transfer permissions from adviser firms in the whole of 2020.
According to a Freedom of Information (FOI) request submitted by Professional Adviser, these were applications for the permission of ‘advising on pension transfers/opt outs' without the ‘limited pension...
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