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...
Hires Wellington Management
Introduces 'The Long Dog'
Continuing Square Mile’s series of informal interviews
Happy GDPR day