The FCA and PFS duel over DB data

The battle follows the Financial Conduct Authority (FCA) publishing statistics after surveying 3,015 advisory businesses for its probe and found that, between April 2015 and September 2018, 2,426 firms provided advice on transferring defined benefit (DB) pensions. The regulator said 234,951 scheme members received transfer advice and, of those, 162,047 (69%) were recommended to transfer out, while 72,904 had been advised to stay in their scheme.  In its latest response, however, the PFS said the data "lacked context" and had "clear limitations" when used to try to sum up what was goin...