FCA
Six-in-10 advisers to cut DB transfer work after fee changes
Some 62% believe that the market will not be profitable going forward
7 advice firms hit with FCA skilled-person reviews since 2017
They had to collectively fork out over £300,000 to pay for the investigations
FCA investigating Quilter subsidiary over DB pension transfers
UK regulator also orders firm to appoint skilled person to conduct review
Collapsed wealth firm sells client book
After entering administration in August 2019
Former SJP adviser causes clients to lose £1.35m
But wealth management firm denies responsibility and refuses to pay compensation