Reference Case Number: FOI7438
Freedom of Information: Right to know request:
Clarified request:
Please respond with details on both points, 1 and 2 on the 55 firms whose files were checked.
Aggregated requests:
Request 1:
1. As part of the FCA's market-wide review into DB transfer advice in 2019/20 - how many firms where found to be charging clients on a contingent basis for DB transfer business?
2. Of those, what was the total percentage of DB transfers that went ahead when charged on a contingent basis?
Request 2:
3. During the FCA's market-wide review in DB transfer business, how many firms were found to have inadequate/or no professional indemnity insurance cover in place?
FCA response:
Refer to the supporting document below.