FSA: Personal pension charges must be clear at point-of-sale
The Financial Services Authority (FSA) will press ahead with plans to force pension providers and advisers to reveal the effect of adviser charging on pension plans at the point of sale.
In a policy statement published today, the FSA said it believes consumers must be able to see the effects of adviser charging on their personal pensions and that this is best done through point-of-sale...
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![Rory Pervical: "[What the FCA has] said about DB transfers you as firms should think about how you apply those more broadly across the retirement planning piece."](/api/v1/wps/54eb332/982c284a-f116-498d-9f44-98218aa37de3/4/rory-percival-new-230x142.jpg "Rory Pervical: \"[What the FCA has] said about DB transfers you as firms should think about how you apply those more broadly across the retirement planning piece.\"")
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'Retirement income advice is the biggest problem in the adviser market' - Rory Percival
As important as DB transfers
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Defer to 2021/2022