Hogan Lovells

Key Dates

Updated guidance issued on 11 November 2019.

Changes to the Financial Services Register have effect on 9 December 2019. 


The Pensions Regulator has updated its regulatory guidance on DB to DC transfers and conversions to take account of changes to the Financial Services Register of firms and individuals regulated by the Financial Conduct Authority (FCA) or the Prudential Regulation Authority (PRA) which have effect on 9 December 2019. 

How is information on the Financial Services Register changing?

What should trustees do when checking that the member has taken appropriate independent advice?

The guidance explains that trustees should continue to check the Register for details of the firm providing the advice. Trustees should then either:

PASA guidance and templates 

The guidance was updated in October 2019 to refer to guidance and templates on DB to DC transfers, produced by the Pensions Administration Standards Association (PASA). 

Date Accessed: 28/05/2022