‘Unacceptably high’ number of people advised to transfer out of gold-plated pensions
An “unacceptably high” proportion of people in salary-based pension schemes have been advised to transfer out of them, according to the City regulator.
The Financial Conduct Authority (FCA) has launched 30 enforcement investigations arising from concerns identified while investigating defined benefit (DB) pension transfers.
Where firms have not met the required standards, it expects them to look…
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