FCA: Firms wanting DB transfer authorisation 'will be scrutinized'

Updated transfer permissions assessment

Sophie King
clock • 2 min read
The FCA said it will apply this approach at “all gateway entry points”.
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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...

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