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Mark Neale: "Decisions about retirement savings carry risk but, increasingly, they're decisions that people are making for themselves as a result of pension freedom."
The Financial Services Compensation Scheme's (FSCS) 2018/19 levy, which is due to be published in April, will reflect the growth of claims around DB transfer advice, Mark Neale has said.
The lifeboat fund's chief executive revealed the FSCS was now beginning to receive claims resulting from "bad advice" to cash in defined benefit (DB) pensions. He said the scheme's 2018/19 levies, paid...
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