The Financial Conduct Authority (FCA) has said it is up to advisers whether they process a defined benefit (DB) transfer that goes against the advice they have given.
In its consultation paper on advising DB transfers the regulator re-affirmed it would not seek to prevent pension transfers away from safeguarded benefits when an adviser's recommendation was against it,...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till