Pension transfer advice - are your ready for 1 October 2020?

In June of this year, the FCA confirmed new rules and guidance for firms active in the DB pension transfer market. Full details of these changes are available at: New rules: Pension transfer advice

The application of COBS 19.1 (pension transfers, conversions and opt-outs) is being extended so that arranging activities will fall within its scope. Therefore, if your firm only arranges a pension transfer, pension conversion or a pension opt-out without making a personal recommendation, you will need to consider the impact of these changes on your business model.  

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