Intermediaries will not have to provide a 'reasons why not' letter in recommending an alternative pe...
Intermediaries will not have to provide a 'reasons why not' letter in recommending an alternative pension scheme to a stakeholder product. However, they will have to state why a non-stakeholder product is equally as appropriate. In releasing the final regulations concerning decision trees, the FSA has made some amendments to the way in which IFAs use the trees. Steven Cameron, pensions development manager at Scottish Equitable, said IFAs will no longer have to show clients the decision trees if they are giving full advice on a pension product. Earlier requirements to include the trees,...
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