New Pension Transfer Rules from the FCA

April 02, 2015 by TIna

Category: FCA & pensions & Uncategorized

The Financial Conduct Authority (FCA), on 4th March 2015, published a consultation paper on proposed changes to its pension transfer rules, designed to reflect the Government’s new flexible pensions regime. This regime will bring advice on transfers from defined benefit (DB) schemes to occupational defined contribution (DC) schemes into the FCA’s remit. Consumers will be required to take advice before transferring out of a DB scheme and it will be the responsibility of trustees to check that people have taken advice.

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