FCA plans to tighten transfer rules welcomed but more clarifications needed

Michael Klimes
clock • 3 min read

The industry has broadly welcomed the Financial Conduct Authority's (FCA) plans to modernise processes around pension transfers in response to concerns over surging demand.

Yesterday the watchdog published its plans to improve the system at a time when requests for transferring out defined benefit (DB) schemes has dramatically increased on the back of freedom and choi...

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