By Emma Ann Hughes Maggie Craig, special adviser for the Financial Conduct Authority, has revealed exactly what the watchdog expects intermediaries to do when considering a pension transfer.
Speaking the day after the FCA revealed in more than half of the defined benefit pension (DB) transfers the regulator looked at where the recommendation was to move the retirement pot was unsuitable or unclear , Ms Craig said some transfers advice has simply not been appropriate and that needs to change.
In a keynote speech at FTAdviser’s Unpackaging Pensions event, Ms Craig said generic advice in relation to pension transfers was simply […]
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