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Pension trustees to check adviser credentials on DB transfer advice

Pension trustees to check adviser credentials on DB transfer advice

Advisers now have to provide pension trustees with details of any transfer advice they give to members of defined benefit pension schemes, according to final guidance by the UK's pension regulator.

In last week's document on DB transfers, the Pensions Regulator also issued further clarification around the Financial Conduct Authority's requirement for all transfers out of defined benefit schemes to be provided by an FCA-authorised pension adviser.

Please link to International Adviser to read the full article by Daniel Flynn

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