Snow bound a couple of weeks ago, I set to musing about the FSA's paper on pension switching advice and the recently issued suitability assessment template.
Looking at the failings identified, I wondered whether they were predictable or whether we should be shocked at the basic nature of errors seemingly made by some advisers. On balance, I came down on the side of 'predictable' despite the fact that the requirements necessary for advising on pensions switching have been around for more years than I care to remember. Just as the snow was not only predicted but predictable many of us were still adversely impacted, local authorities failed to have sufficient salt to grit roads and certainly in my home area, the Hampshire/Wiltshire borders, unle...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes