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...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till