Advice firms involved in the British Steel pension saga may be suffering the consequences - as is the reputation of the wider profession - but, asks Hannah Godfrey, what about the unregulated introducer who played so significant a part?
Ground zero in the British Steel pension saga - when workers made their decisions to transfer out of their final salary schemes - may be behind us but, as associated firms continue to agree to have their permissions suspended, the advice sector is having to weather a series of aftershocks. Earlier this month, Professional Adviser revealed South Yorkshire-based Retirement & Pension Planning Services has applied to the Financial Conduct Authority (FCA) to cancel all of its regulatory permissions, meaning the business will have to overhaul its model entirely or cease to exist. The firm i...
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