The Financial Conduct Authority (FCA) has "hammered home" the default option when considering transferring a client out of a defined benefit (DB) pension should be to stay with the guaranteed income, Rory Percival has said.
Speaking at The Great Pensions Debate in Peterborough, the former FCA technical specialist-turned consultant said this "default" position of the regulator was likely to continue. However, despite recognising...
£300bn of liabilities
View from the front row
Transfer from occupational scheme
Appointed by FCA and PSR boards