Better Business: John Moret on pension transfers

For advisers operating in the SIPP market, there have been two particularly significant communications from the FSA in recent months. First, there was the well-documented report on the thematic review of the quality of advice on pension switching. The review looked at the quality of advice given to investors since pensions A-day (April 2006) to switch their existing pensions into a personal pension or into a SIPP. Interestingly, Sipps were unregulated until April 2007 – a point apparently not acknowledged in the report. The review has been widely publicised and in the context of the advi...