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...
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