What percentage of final salary advice was unsuitable?

In 2018 the FCA carried out a study using a sample of firms still active who were providing final salary pension transfer advice. 18 firms in total took part in the study. In this study the FCA calculated that around 51% of clients (154 transfers in total) had received unsuitable or unclear advice.

On this basis, less than 49% of clients received suitable advice.

To read the full article released by the FCA, please follow this link.