Nervous advisers are recommending clients stick with their existing pension arrangements, even where there is good reason to transfer, because of the FSA's "heavy-handed" crackdown on pension switching.
A number of concerned IFAs say the regulator’s efforts to protect consumers from unsuitable pension switches have, in some cases, proved counter-productive. A thematic review by the FSA in 2008 found...
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected
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