Industry raises significant concerns over FCA consultation on advising on pension transfers

Jonathan Stapleton
clock • 3 min read

The industry has raised serious concerns that Financial Conduct Authority (FCA) transfer advice proposals on illustrative figures could hamper schemes’ ability to help members to understand their retirement options and force many to take full regulated advice.

In its response to FCA consultation GC 20/1, which closed to responses earlier this month, the Association of Consulting Actuaries said it had significant concerns over the guidance in annex two of...

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