The worst-case scenario for the future of financial advice would be a significant mis-selling scandal, says Rory Percival, who goes on to warn there is a real risk of that happening in the DB transfer market.
The ex-FCA technical specialist who now runs his own consultancy and training firm says there has already been evidence of "problem areas" in the defined benefit (DB) transfer space. "So I just hope...
Lisa used as 'top-up'
Two FCA consultation papers
UK's poorest retirees most affected
'5% no longer the norm'