Firms with transfer permissions to submit data to FCA every six months

In consultation paper CP 19/25, published on Tuesday morning (30 July), the financial watchdog proposed adding a new section to the Retail Mediation Activities Return (RMAR) form on pension transfer specialist advice. The FCA said the additional data would enable the regulator to monitor the number of consumers firms advise to transfer, the take-up of ongoing advice services and the charging structures that firms use to provide pension transfer advice. It said it would also give it more information about the size of the pension transfer market, including the number of pension transfer...