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...
Taking the time to look
After 14-month FAS programme
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
Rebranded from OMW
Number of benefits