33 Advice about transferring or otherwise dealing with annuity payments
Bank of England and Financial Services Act 2016 (2016 c 14) | Legislation

33  Advice about transferring or otherwise dealing with annuity payments

(1)     The Financial Services and Markets Act 2000 is amended as follows.

(2)     After section 137FB insert—

“137FBA FCA general rules: advice about transferring or otherwise dealing with annuity payments

(1)     The FCA must make general rules requiring specified authorised persons to check that an individual—

(a)     who has a right to payments under a relevant annuity, and

(b)     if the Treasury make regulations under subsection (3), who is not an exempt person by virtue of those regulations,

has received appropriate advice before transferring or otherwise dealing

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