More than 1,300 financial advisers have signed up to the Pension Transfer Gold Standard in the past 12 months but the number re-registering is set to fall as disillusioned advisers quit the market.

The FCA has delayed a raft of imminent changes to its pension rules for six months or more in the wake of the Coronavirus outbreak.

The FCA’s long-awaited pension transfer rule changes are likely to be pushed back by at least six months in a move described as “very disappointing” by a leading pensions actuary and consultancy firm.

The Personal Finance Society has urged the FCA and the Treasury to do more to ensure consumers can access financial advice during the Coronavirus outbreak.