The FSA is refusing to disclose the qualifications of its officials who will host a series of pension switching roadshows this summer.
It says it cannot reveal personal information on its employees as it would breach the principles in the Data Protection Act 1998.
A Freedom of Information (FOI) request sent by an adviser to the FSA asked for the names, qualifications and experience in giving pensions advice of those taking part in the events.
Earlier this year the regulator wrote to more than 4,500 UK advisers setting out the standards it expects of firms and the actions they should take to ensure customers receive suitable advice.
It also summoned more than 1,500 advisers to a series of pension switching roadshows, warning a "tough stance" will be taken against anyone failing to attend.
It followed an FSA review of transfers from all types of pension schemes into PPs or SIPPs since A-Day, which found "unsuitable" advice in 16% of the 500 cases it reviewed.
Adviser Paolo Standerwick, senior partner at MPL, says it is only fair the FSA discloses the qualifications of those hosting the events.
"For years I have asked FSA, FOS and FSCS staff [for] their qualifications but they always refuse," he says. "If we asked any other professional, such as a doctor, teacher or solicitor, they wouldn't object.
"These organisations have grown artificially too fast with the backing of Gordon Brown and like any other fast growing business you can't sustain quality of people. They are out of their depth and that's all been proved with the banking crisis."
But the FSA says it would be unlawful to reveal the details Standerwick asked for. "The individual[s] has not consented to their personal information being made public and the release of such information may be detrimental to them," it says.
In December, the regulator fined national IFA AWD Chase De Vere £1.12m after concluding as many as 800 people could have been badly advised on more than 1,000 pension sales.
To comment, contact Charlotte Banks on 0207 484 9943 or email: [email protected]
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