FCA to quiz firms with DB permissions

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The FCA announced earlier this month that it will be contacting all firms who hold permission to advise on DB pension transfers and other safeguarded benefits, to request further data to allow them to continue to understand the shape of the entire DB transfer advice market.  (The data request will be sent from [email protected])

We have been advised that whilst the request is not mandatory, they do expect firms to complete the request and will be monitoring completion and they will contact firms that do not appear to be engaging.

They are planning to issue the requests this week and firms will be asked to submit their response by 31 July 2020.

A copy of the questionnaire can be viewed here.

If you have any issues completing the survey or you would like some guidance on your compliance obligations please don’t hesitate to speak to us directly on (0161) 979 0726 or email [email protected]bcompliant.co.uk

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