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Future of the DB pension transfer market in question

Demand is still high, but advisers continue to exit the market and the FCA introduces changes

In July 2019, the Pensions Regulator said the number of DB transfers skyrocketed by 163% over the last two years, but the Financial Conduct Authority has admitted it is unhappy with the number of firms offering poor advice in the sector.

The uncertainty of the market is compounded by the fact IFAs are regularly exiting the sector due to rising professional indemnity insurance premiums.

To find out more, click on IA’s latest UK regional piece – what’s next for the DB pension transfers?

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