PA360: DB transfer work a 'red flag' for acquirers and consolidators

Speaking at PA360 today (26 April) senior business development consultant Dan Fairweather outlined the considerations consolidators have when looking to enter a deal to acquire an advice firm. While Fairweather acknowledge there was "a broad range of appetite with acquirers" when it can to how they viewed pension transfers, he noted "DB transfers have always been a red flag". In light of the Financial Conduct Authority's Consumer Duty regulations, he added that firms who are looking to be acquired and who do work in the transfer space needed to be extensively prepared. "It's good a...