Point, counterpoint: Henry Tapper responds to pension adviser's charge cap gripe

Are providers cutting advisers out of the group personal pension process to pocket the difference in charges? And is there anything wrong with that? One adviser who did not want to be named wrote to Professional Adviser about his experience of the practice, branding it "an unintended consequence of auto-enrolment" that created "significant detriment" to pension scheme members. Incensed, he was on the verge of writing to the Financial Conduct Authority (FCA) to complain. So we put his grievances to Henry Tapper, director of actuary and pension scheme administrators firm First Act...