Advice firms that did not answer FCA DB probe could see permissions revoked
Seven firms unaccounted for
“Firms that couldn't get their act together in time, without a really good excuse and prior engagement with the FCA over the matter, deserve what's coming to them" - Informed Choice's Martin Bamford
Financial advice firms that did not respond to the FCA's market-wide defined benefit (DB) transfer questionnaire could see their regulatory permissions revoked, Professional Adviser understands.
A freedom of information request by PA revealed seven advice firms could not be contacted by the Financial Conduct Authority (FCA) as it tried to find out more about DB transfer advisers in its recent...
More on Retirement
FCA data 'does not reveal widespread advice issue' - PFS
Results published last week
FCA confirms second event for British Steel members
Two sessions on 28 June
Occupational scheme membership rises to 45.6 million people
69% of general population
'We will be closing down firms' - FCA's Megan Butler on DB transfers
Regulator has visited some firms already
What can we learn from the FCA's DB data dive?
Just 2% of transfers relate to unregulated introducers
More news
IA readies 'long-term asset fund' proposals - reports
To tackle liquidity issues
FCA data 'does not reveal widespread advice issue' - PFS
Results published last week
Tom Ellis: Give 'best buy' lists an independent twist
'Heavily influenced by Morningstar'
FCA's Bailey still frontrunner for BoE job despite testing few months
Odds widened to 2/1
Back to Top