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FCA to hold autumn workshops for DB transfer advisers

The FCA will hold defined benefit (DB) transfer sessions this autumn to ‘reiterate our expectations’.

FCA to hold autumn workshops for DB transfer advisers

The Financial Conduct Authority (FCA) will hold defined benefit (DB) transfer sessions this autumn to ‘reiterate our expectations’.

The regulator announced today that from October it will be holding ‘interactive workshops’ around the UK for advice firms which are qualified to give DB transfer advice.

Theses workshops will:

  • highlight the key points that firms should consider when operating in this market;
  • reiterate our expectations when transacting this type of business
  • highlight our updated rules and guidance;
  • include an interactive case study to put into practice our expectations.

These sessions will be held from October to December with further dates in 2019.

Last year the regulator held DB transfer workshops in Swansea and Doncaster for advisers who were carrying out DB transfers for British Steel members.

Earlier this year the regulator produced new rules for DB transfer advice including replacing transfer value analysis with appropriate pension transfer analysis or APTA. 

Read the key takeaways from the FCA’s latest DB transfer consultation paper here.

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