Mike Morrison: DB transfers consultation a missed opportunity for real reform

Will it improve access to advice?

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Mike Morrison: "We need a market where consumers understand the advice is the product, not the resulting pension contract."
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Mike Morrison: "We need a market where consumers understand the advice is the product, not the resulting pension contract."

The FCA's consultation on DB transfers is a welcome start, says Mike Morrison - although he questions whether it will actually make any difference to the advice market on pension transfers.

The FCA's recently launched consultation on pension transfers (CP 17/16) is a welcome start but, in its current format, it is questionable whether it will actually make any difference to the advice market...

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