MPs launch inquiry into contingent charging on DB transfer advice

The inquiry has asked respondents whether they believe contingent charging increases the likelihood of unsuitable advice, as well as what the impact of a ban could be, and how any negative effects might be minimised. The committee is also exploring whether any alternative solutions could remove conflicts of interest but also avoid any possible negative impacts of an outright ban on the charging practice. Those who wish to have their say have until 31 January to respond. In a previous inquiry into pension freedom and choice, the Work and Pensions Committee found advisers could be incen...