Wakey wakey rise and shine

The simplified tax regime ushered in by A-Day has prompted many people to consolidate their pensions by transferring from their existing arrangements into a personal pension or self invested personal pension (SIPP). While you would think that these transfers would result in the client getting a better deal from their pensions in some cases you would be wrong. The FSA prompted by concerns about the quality of advice in many of these cases carried out a thematic review into the process. The results published in December 2008 were shocking. The review looked at 500 transfer cases carried out...