Retirement
Rash decisions risk hurting unadvised retirees during pandemic
DIY savers ‘more inclined to have a knee jerk reaction’ to volatile markets
DB transfer contingent charging ban branded ‘confusing’
Overseas firms ‘exempted’ but non-FCA advisers shouldn’t be signing off pension transfers, says one CEO
FCA investigating Quilter subsidiary over DB pension transfers
UK regulator also orders firm to appoint skilled person to conduct review
More than 700 advisers exited the DB pension transfer market
The FCA is carrying out 30 enforcement investigations
FCA bans contingent charging for DB pension transfers
Need to ‘improve professionalism’ of transfer specialists and their ‘knowledge in choosing assumptions’