Danger flagged in DB transfer market despite high satisfaction rate

Actuarial consultancy OAC  -  part of the Broadstone Group - said this demonstrates the potential consumer danger that still lurks in the DB transfer market. Head of redress solutions Brian Nimmo said: "Regulations around financial advice have been a focus for the FCA in recent years and it has tightened up its rules significantly which is a positive in establishing greater trust. "Yet it is worrying that little over two-thirds of people who have completed a transfer in the last four years have said that they were satisfied with their decisions and that huge numbers are still consider...