The FSA will review the exam standards of pension transfer specialists ahead of other areas, despite calls from the industry for it to prioritise closer scrutiny of mortgage advice.
In a policy statement on Competence and ethics, published today, the regulator says it expects the pension transfer specialists' standards review to begin in Q1 2011. It says it has prioritised this area due to the number of upcoming changes to the pensions landscape. Home-loan related examination standards will be next, though the FSA says the timing for this review will depend on the outcome of the Mortgage Market Review (MMR). Most responses from the industry on which activities should be looked at first named advice on mortgages, lifetime mortgages and equity release. The re...
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