Image:
The FCA said it will apply this approach at “all gateway entry points”.
The Financial Conduct Authority (FCA) has said that new firms wishing to gain defined benefit (DB) transfer permissions will be scrutinized.
In an update published on Friday (11 June), the regulator said that due to the high risk of consumer harm associated with unsuitable advice to transfer it will thoroughly check applications from new entrants...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.
