Skip to content
International Adviser
  • Contact
  • Login
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • Directory
  • My IA
    • Events
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

SIGN IN INTERNATIONAL ADVISER

Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details

[login-with-ajax]
Not Registered?

FCA keeps ‘unsuitable’ DB transfer assumption

By Tom Carnegie, 26 Mar 18

The Financial Conduct Authority (FCA) has backtracked on a proposal to change its position that an adviser should assume that a Defined Benefit (DB) pension transfer is “unsuitable” for a client.

FCA: Regulations ‘only go so far’ in changing culture

Christopher Woolard, FCA executive director of strategy and competition, said: “We recognise that there is an inherent conflict of interest when advisers use a contingent charging model, so we are asking for views on whether we should ban contingent fees for pension transfer advice”.

Additionally, the consultation will look at whether advisers should be required to undertake pension transfer advice in order to have the same qualifications as investment advisers.

Pages: Page 1, Page 2

Tags: British Steel | Contingent Charging | DB pensions | FCA

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Companies

    Premier Miton appoints new NED and chair to succeed Robert Colthorpe

    Latest news

    UK government confirms pre-1997 indexation for PPF members

  • VIDEO: II Awards 2025 Winners’ Stories – Gareth Maguire, Hansard

    Companies

    VIDEO: II Awards 2025 Winners’ Stories – Gareth Maguire, Hansard

    Guernsey flag

    Industry

    Guernsey financial regulator to increase fees by 3.9%


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.