Financial advisers will not have to start a defined benefit (DB) transfer analysis with the assumption the transfer will be unsuitable under new rules proposed by the Financial Conduct Authority (FCA).
Contrary to its current rules, which state a DB transfer needs to be presumed to be unsuitable before giving advice, the regulator said it has recognised pension freedoms meant transfers could be suitable...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till