Dear Editor, I would like to draw attention to the catch-22 situation pensions advisers find themselves in as a result of the The FSA's u-turn on plans to scrap RU64. There's already been much debate around the appropriateness of the high levels of pension transfer business going through, and whether or not this is being led by advisers or providers themselves, and now advisers are going to be left high and dry. While the FSA's Financial Risk Outlook for 2007 questions the role of providers in ensuring pension transfers are suitable and in an investor's best interests, by retaining RU64...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes