The Financial Conduct Authority (FCA) has revealed plans to collect data from all firms that hold pension transfer permissions in 2018.
A letter from FCA executive director of supervision Megan Butler to parliamentary Work and Pensions Select Committee chair Frank Field revealed the regulator's pension transfer plans for the upcoming year.
It said it would be collecting data from all firms who hold the transfer permission with the intention of assessing practices across the entire market and so build a national picture.
The financial watchdog also revealed it had recently asked an additional 45 firms that are active in defined benefit (DB) transfers for information.
Last month, in a letter to Butler, Field branded the FCA's handling of British steelworkers' pensions as "grossly inadequate" and "insufficient".
The letter from Butler also revealed the FCA is reviewing feedback it had received regarding the proposed changes to remove some financial advisers from its register as part of the Senior Managers & Certification Regime.
"We received substantial feedback to our suggestion that certified individuals should not appear on our register," it said. "A number of these respondents expressed concern these proposals could inhibit consumers' ability to identify an adviser and ensure they are appropriately qualified.
"We are currently reviewing all feedback to this consultation, including the input received around the register. We have listened to those concerns and are considering this feedback, as well as the experiences in Port Talbot."
The FCA register came under fire during the Work and Pensions Select Committee hearing on British steelworkers' pensions in December when steelworkers argued the register could be confusing.
Another letter to Field - this time from Darren Reynolds, managing director of Active Wealth, one of the advice firms that voluntarily suspended its DB transfer permissions as a result of the British Steel Pension Scheme saga - has revealed the firm has been on the FCA's radar since 2016.
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