Pension switch principles should apply to entire market-Skandia

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The pension switching review has implications for the entire market including platform to platform re-registration, Skandia says

According to the group, the principles of the report - which says advisers must assess a customer's attitude to risk and personal circumstances and explain and justify additional costs - should apply to all forms of investment switching activity. The company says these principles are very relevant for the platform market where advisers are considering moving client assets from a fund platform to a full wrap proposition. "There is a lot of focus on the Retail Distribution Implementation Programme and how the FSA believes this will improve standards within the industry," says Peter Jordan...

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