Westerby Trustee Services has become the third provider to stop accepting DB transfers in the wake of a 'Dear CEO' letter sent out by the Financial Conduct Authority (FCA) at the end of last month.
The Leicester-based company wrote to its clients on Thursday (4 April) to inform them it would not be accepting new defined benefit (DB) transfers until it had received further clarity from the FCA. ...
To 1,552 families and businesses
HL and Liberty SIPP slowest
Lifetime and annual allowances
'IFAs bore the brunt'
'Recovery or boom'