FCA investigates Quilter Lighthouse over DB pension transfers

The UK regulator, the Financial Conduct Authority (FCA), has luanched an investigation into Quilter's Lighthouse subsidiary after allegations the wealth manager breached rules governing defined benefit (DB) pension transfers. Lighthouse Advisory Services, which was bought by Quilter Financial Planning in 2019, is continuing to give defined benefit (DB) transfer advice despite the FCA's ongoing investigation into its DB work. In a statement on the London Stock Exchange (LSE) posted on 5 June, Quilter said: "The FCA is investigating whether Lighthouse has breached certain FCA requiremen...