Consolidator Fairstone has decided to ditch the triage element of its defined benefit (DB) transfer process after the FCA expressed concerns some firms were straying into advice, Professional Adviser can reveal.
Instead of the triage process - where advisers offer an initial steer to clients about a pension transfer inquiry - the IFA has been giving potential clients access to educational videos on pension transfers,...
£300bn of liabilities
View from the front row
Transfer from occupational scheme
Appointed by FCA and PSR boards