AIFA warns against applying RDR to corporate pensions

It argues the move may "restrict" employee access to professional advice at a time they may need it most and create what it calls an "uneven playing field" between authorised advisers and those in the unregulated corporate space. In its response to the FSA's RDR Feedback Statement, issued in November last year, AIFA says it is concerned some RDR concepts designed for the retail market are "being forced" on the corporate sector. "With the shift from defined benefit to defined contribution pension schemes, employees are in ever greater need of advice on pension planning," AIFA director ...