Adrian Boulding: Advisers can thrive in 'tougher' DB transfer market

Just before Easter, the Financial Conduct Authority (FCA) published its much-awaited policy statement (PS18/6) detailing the new safeguards it requires of all parties involved in the defined benefit (DB) transfers market. It followed a nine-month review of the market and intense parliamentary pressure from Frank Field's Work and Pensions Committee. There are two clear and powerful drivers stimulating increased DB to denied contribution (DC) transfers - which have risen close to 100,000 per year from less than half that number in 2016.  The first is the eye-poppingly high transfer v...