DB pensions
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’
Sharp drop in number of DB pension transfer advisers
Some 17% said they used to provide advice but have stopped doing so