The Work and Pensions Select Committee (WPC) has called on the FCA to explore the case for setting an upper limit for the amount of a DB transfer fee that can be received via contingent charging.
In a letter to Financial Conduct Authority (FCA) chief executive Andrew Bailey, published today, WPC chair Frank Field suggested the regulator should explore alternative means for addressing "the problem...
Bought plans in 1988 and 1989
To be added to model portfolio service
Launched 25 September