FSA names and fines fourth IFA for pension switch failings

The FSA found N-Hanced had not recorded sufficient information about customers to demonstrate its advisers had identified clients' needs and reflected them in any recommendations they made. It is the fourth firm the FSA has taken action against a firm following its thematic review of pension switching advice in 2008. It has previously taken action taken against RSM Tenon, Charles Palmer and Robin Bradford. The FSA says N-Hanced failed to adequately monitor the quality of its pension switching advice and record relevant management information on its pension switching business. It ...