Half of advisers avoiding pension freedoms advice over liability fears- research

Advisers are afraid of future claims

Carmen Reichman
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More than half of financial advisers are not advising on the whole range of pension freedoms over fears they will be held liable at a later stage, research has found.

The research by Zurich could not say which element of retirement advice advisers are shying away from, but the findings echoed those by the Association of Professional Financial Advisers (APFA) in May. APFA's research indicated half of advisers were not willing to implement defined benefit (DB) pension transfers requests amid worries the regulator would hold them to account further down the line. Zurich - which questioned 100 advisers in early September, both from its own client pool and the wider industry - said the findings point to the urent need for a long-stop on claims.   D...

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