Networks don't collect enough money from their advisers to maintain sufficient systems and controls, which means they can only go one way - down, according to the chief executive of IFA network 2plan.
True Potential has launched a tool on its platform which will allow advised clients to manipulate their financial plan independent of their adviser.
Adrian Grace: Aegon's self-styled agitator CEO
An industry initiative managed by the Tax Incentivised Savings Association (TISA) and backed by 50 firms and trade bodies has called on the regulator to agree on a ‘common sense' standard for the delivery of guidance to consumers.
One in five of those retiring in the coming year have no idea how their pension withdrawals will be taxed, Fidelity research has found.
The next government should establish an independent pensions commission as soon as possible after the May general election, MPs have urged today.
Increased consumer choice under pensions freedom coupled with greater potential fraud risk has boosted the argument for a single pensions regulator, MPs have said.