Quilter restricts, but doesn't ban, DB transfers advice in network

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Quilter restricts, but doesn't ban, DB transfers advice in network

Financial services giant Quilter has moved to restrict - but not ban altogether - advisers from advising on defined benefits (DB) transfers within it's IFA network Quilter Financial Planning. The move, in line with UK regulator The Financial Conduct Authority's ongoing crackdown on DB transfers. Quilter said had it limited DB transfers to "Restricted Financial Planners in our advice network". As a result under 10% of the network have DB transfer permissions and of those under 20% were ...

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Gary Robinson

Commercial Director, Head of Video at International Investment.