[137FBA FCA general rules: advice about transferring or otherwise dealing with annuity payments]
[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 with the right to those payments.

(2)     The reference in subsection (1) to a right to payments under a relevant annuity does not include a contingent right to such payments.