PICA retirement directory will list IFAs, tied and bank advisers

Development of the directory, which forms part of the industry-wide push to improve shopping around at retirement, has been underway since PICA called on intermediaries to help with its construction last year. PICA chairman Tom McPhail confirmed the database, which will be launched in the next few months, will include IFAs as well as tied or restricted advisers and providers offering annuity panels, such as Nationwide or the National Employment Savings Trust. McPhail said the sole criteria for being listed on the directory will be Financial Services Authority registered status. He sai...