FCA issues data request to 65 advisers over Rolls-Royce DB pension scheme

The FCA, the Pensions Regulator (TPR) and the Money and Pensions Service (MaPS) have been actively engaging with Rolls-Royce and the scheme's trustees in order to be "vigilant" against the risks associated with increased transfer requests as a consequence of redundancies. According to a BBC article from July, more than 3,000 workers expressed interest in voluntary redundancy at Rolls-Royce across its UK operations.    In May Rolls-Royce announced plans to reduce 9,000 jobs across its global workforce. The following questions were asked of advisers as part of the FCA's data request:...