The Financial Conduct Authority's (FCA) U-turn on dropping the unsuitable defined benefit (DB) transfer assumption could be attributed to the poor advice given to British steelworkers, according to industry experts.
Royal London pension expert Justin Corliss said the regulator had been "scarred" by the British Steel experience. "They have found too many cases where scheme members were given unsuitable advice to...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till