All pensions advice to be regulated?

The consultation document, Proposed changes to the eligibility rule for establishing a pension scheme, puts forward four different proposals, including that the government take a “do nothing” approach and leave well enough alone. But options 3 and 4 reveal the government’s preferred course of action is to create a new regulated activity of establishing, operating or winding up a personal pension scheme, that would require investment advisers who are currently able to give advice on personal pensions to seek a change in their permitted activities under the (FSA) (FSA) from 6 April 2007. ...