FCA pension transfer plans ‘anti-consumer’ and ‘anti-competitive’, warns AJ Bell

23 February 2026

AJ Bell has blasted the Financial Conduct Authority’s proposals for non-advised pension transfers, warning they are ‘anti-consumer’ and ‘anti-competitive’. Under the proposals, firms receiving pension transfer requests will be required to gather information from the person’s old scheme and present it to them before initiating the transfer. According to the FCA, the reforms will...