The Financial Conduct Authority (FCA) will send a second marketwide in-depth questionnaire on defined benefit (DB) transfers to firms later this week, Professional Adviser can reveal.
Nearly 2,000 firms will receive the questionnaire by email on Wednesday 1 July and will have 30 days to complete and return the survey. The survey will be sent to every firm with full DB transfer permissions and will contain approximately 30 questions. Advisers will be asked for information on DB business that took place from 1 October 2018 to 31 March 2020, following on from the regulator's first in-depth marketwide survey, which asked for DB business information between April 2015 and September 2018. Advisers will be quizzed on how many clients have been recommended to transfer a...
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