Suitability reports needed for advice against pension transfers - FCA

clock • 2 min read

The Financial Conduct Authority (FCA) is to press ahead with its plan to require firms to provide suitability reports for advice against a pension transfer despite concerns over additional advice costs.

In its policy paper PS18/20, published on Thursday (4 October), the FCA confirmed plans to require firms to provide a suitability report during pension transfer advice, regardless of whether the re...

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