FCA warns advisers over DB transfers

'Concerned' consumers could be scammed

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FCA warns advisers over DB transfers

The Financial Conduct Authority (FCA) has warned advisers not to execute defined benefit (DB) pension transfers without considering where the relocated assets will be invested.

The regulator said it was concerned consumers receiving DB transfer advice were at risk of transferring into unsuitable investments or being scammed. It reiterated its expectations around such t...

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