Cases of "commoditised, industrialised" business models in the defined benefit (DB) transfer market prompted the Financial Conduct Authority (FCA) to widen its probe into the area, regulator Megan Butler has said.
The FCA executive director supervision for the Investment, Wholesale and Specialists Division said issues relating to firms' business models were at the root cause of problems it found when conducting...
Ceremony on 29 November
Robo-advisers manage £1.7bn in total
Closing in 2020
Second of five videos with Cazenove Capital’s DFM team