The Financial Conduct Authority (FCA) has clarified its position after its 'Dear CEO' letter left pension providers unsure how far their responsibility for DB pension transfer advice extended.
Last week, the FCA sent CEOs of major pension providers a letter explaining what is expected of them when handling defined benefit (DB) transfer business. The wording of the letter led some pension...
Second preference falls at the third
Latest news and analysis
The forces at play in investment - most obviously, regulatory change, uncertain markets and shifting demographics - are as strong today as they were when Professional Adviser launched its sister magazine Multi-Asset Review in 2017.
Regulator has visited some firms already
Platforms react to Fidelity blocking Income Focus purchases