Proceed with caution over pension transfers, FCA told

Advisers need clarity and reassurance on defined benefit transfers, the FCA has been told by the pensions industry in response to its consultation on update existing guidelines around advising on DB transfers. In its consultation, Advising on Pension Transfers, the UK watchdog has been seeking views from industry on how to update its existing guidance to provide advisers with a framework to help them give the right advice so consumers can make better informed decisions. Please link to International Adviser to read the full article by Kirsten Hastings.