Advisers see notification issues from Part VII rulebook

The regulatory requirements surrounding Part VII portfolio
transfers look set to increase under proposals from the Financial
Conduct Authority (FCA).
Carriers and their advisers have two weeks to respond to an FCA
consultation about a planned Part VII protocol.
The prospect of Brexit has led to an increase in the volume and
complexity of these transfers, which can now take up to two
years.
The legacy market in particular has previously flagged concerns
over further delays to Part VII transfer...