EXCLUSIVE: IFoA warns of 'unscrupulous' advice risk on DB transfers

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Pension members are at risk of receiving "unscrupulous" advice on defined benefit (DB) to defined contribution (DC) transfers in light of incoming reforms, warn actuaries.

The caution from the Institute and Faculty of Actuaries (IFoA) comes in the wake of a proposal from the Financial Conduct Authority (FCA) to require all transfer advice to be verified by a qualifie...

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