Pension advisers accused of overcharging employers

Consultant Hamish Wilson told delegates at IFAonline's sister title Professional Pensions show that advisers charging trustees £10,000 per meeting are eroding employers' engagement with pensions. Over-regulation and being seen to “do the right thing” has overshadowed the only important thing to trustees, which is the employer covenant, according to Wilson. Wilson, who runs his own corporate pensions consultancy firm Hamish Wilson, said: "Why are we adding to the complexity and cost? We are focusing on second order issues when we should be paying particular attention to the primary iss...