AJ Bell has called on the Financial Conduct Authority (FCA) to question the rules that presume a defined benefit (DB) pension transfer will not be in the best interests of the client.
The pension provider said in a post-pension freedoms market, at a time when many DB schemes were in deficit, the rules may no longer be appropriate. It said the matter should be addressed in the FCA...
£300bn of liabilities
View from the front row
Transfer from occupational scheme
Appointed by FCA and PSR boards