Half of all smaller businesses are not prepared to pay a financial adviser for work around auto-enrolment (AE), according to a report released today.
It should be mandatory for small self-administered pension schemes to have a professional trustee to avoid potential devastating tax charges, a provider has said.
The Financial Ombudsman Service (FOS) received more complaints about Phoenix Life than any other life and pensions provider in the six months to 30 June 2013.
An IFA who has been plagued by phone calls from pension liberation promoters has decided to fight back against this shadowy part of the industry by reporting the firms to the Financial Conduct Authority (FCA).
The independent tag is now meaningless and likely to 'wither on the vine', according to one wealth management director.