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...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
