Financial Conduct Authority  

FCA to continue crackdown on DB transfers into 2022

It was expected to be picked up again between January and March 2021 but in an update in September 2020 the review dropped off the FCA’s timetable entirely.

The FCA began quizzing advisers on their retirement income advice records at the beginning of 2020, sending information requests to 125 randomly selected advice firms. 

The letters form part of the regulator's fresh crackdown on the advice market and it is understood the regulator will look at the root causes of poor advice throughout the suitability review.

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