The Personal Finance Society (PFS) has created the 'Pensions Advice Taskforce' to protect consumers from the 'unintended consequences' of the retirement freedoms legislation, after the British Steel "fiasco".
The taskforce has a voluntary code of professional standards for pension advice. Among those to join PFS chief executive Keith Richards on the taskforce is former pensions minister and Royal London director of policy Steve Webb and Pensions Administration Standards Association chair Margaret Snowden. Workplace Solutions chief executive Simon Chrystal, PFS board member and former Financial Conduct Authority (FCA) technical specialist Rory Percival and specialists/PI insurers from across the sector have also been recruited. FCA consumer panel chair Sue Lewis and The Pensions Advisory...
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