HSBC is to review historical pension transfer cases to see if it is earning trail income for ongoing advice it is not delivering.
Professional Adviser understands the bank will examine pensions transferred to it since 2006 and assess any cases uncovered on an individual basis. It follows a Financial Ombudsman Service (FOS) ruling...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress