The Financial Conduct Authority (FCA) has confirmed it is looking into certain firms that have increased the number of defined benefit (DB) transfers they are undertaking.
More specifically, it is looking into firms that are undertaking what it considers 'a lot of transfers' - no specific number has been set as a trigger point however. Whether a firm requires looking...
The forces at play in investment - most obviously, regulatory change, uncertain markets and shifting demographics - are as strong today as they were when Professional Adviser launched its sister magazine Multi-Asset Review in 2017.
Regulator has visited some firms already
Platforms react to Fidelity blocking Income Focus purchases
Chris Hill's letter to Treasury
Cash balance surges