We wrote with details of the latest FCA survey. You can read those details here. The FCA has now extended the response dates as indicated below.
“On 19 July 2021, we sent the below e-mail informing you of our plans to issue a Covid-19 Impact Survey to firms in Tranche 1 for a fifth time. In recognition of the holiday period in August we have decided to extend the survey completion date. Please see new dates below:
Batch 1: to be sent on 2 August 2021 – response due by 13 September 2021
Batch 2: to be sent on 3 August 2021 – response due by 14 September 2021
Batch 3: to be sent on 4 August 2021 – response due by 15 September 2021
Batch 4: to be sent on 6 August 2021 – response due by 17 September 2021
No other changes have been made; the survey questions and supporting material remain the same.”
Pension Transfers – considering a workplace pension
Alistair MacDougall Compliance Defined Benefit, FCA, Pension, Pension Transfer, PI, Switch, transfer
We recently reviewed a pension transfer report where the client was recommended to transfer out of the defined benefit scheme into the client’s pre-existing SIPP. We considered that the recommendation to transfer appeared to be appropriate. However, the client had what the FCA calls an ‘available qualifying scheme’, more commonly referred to as a […]