Half of advisers looking to quit DB transfer market: survey

Almost half of advisers in the UK are doubtful they will still be providing defined benefit (DB) transfer advice this time next year, according to a new survey conducted by Royal London and LCP. Next month the FCA introduces a ban on contingent charges, which essentially marks the end of the fee-based model of financial advice. The report also published the responses of advisers who had already ceased to offer DB advice in the past three years. Of these, 81% said the decision had been a...