Paul Dyer, former FCA deputy chief risk officer: Navigating the FCA's new DB measures

Best practice

clock • 4 min read

In this piece Paul Dyer discusses the latest FCA intervention in the defined benefit (DB) transfer advice market and takes a view on how advisers can exercise best practice in the arena

I have been fortunate enough over the years to work with an array of financial advice firms, the professional services firms that provide support and the regulators that oversee them. While the market, channels and standards for financial advice have been susceptible to change, the underlying requirements of good advice are well established, namely that in order for it to be suitable it has to be consistent with the client's circumstances and objectives. In planning and policy circles, a ‘wicked problem' is one that is near impossible to solve because the parameters are constantly in flu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA probe firm refused planning permission after promising investors 8% returns from Essex development

FCA probe firm refused planning permission after promising investors 8% returns from Essex development

One of a string of ‘fixed rate return’ investments offered by Moneda Capital

Jen Frost
clock 17 October 2025 • 5 min read
FCA looking 'much more closely' at how firms manage private markets transition risks - Nike Trost

FCA looking 'much more closely' at how firms manage private markets transition risks - Nike Trost

Upcoming review of conflicts of interest

Katrina Lloyd
clock 16 October 2025 • 7 min read
FCA pushes on with tokenisation remit

FCA pushes on with tokenisation remit

Set out plans to support initiative

Eve Maddock-Jones
clock 15 October 2025 • 2 min read