UK watchdog postpones decision on changes to DB pension transfer rules

Pedro Gonçalves
clock • 1 min read

The Financial Conduct Authority is delaying its final decision over the contingent charging ban on defined benefit (DB) transfers till later this year., according to information on the UK regulator's website. The regulator was expected to publish its final policy statement on banning contingent charging in the first quarter of 2020. However, the FCA has updated this to say this policy statement will now be published in the ‘second quarter or third quarter of 2020'. As a result of this, changes to the rules around DB transfer advice could be delayed by up to six months. The FCA has ...

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