Aegon in 'advice' showdown as widow cut out of pension

The widow and her financial adviser, who did not want to be named, have taken the case to the Financial Ombudsman Service (FOS), after Aegon refused to reverse a decision that means it gets to keep around £28,000 of her late husband's defined contribution (DC) pension. Central to the complaint is that Aegon strayed into giving advice - which it is not authorised to do - when it offered her husband an annuity and allegedly failed to make him aware of other more suitable retirement options. Aegon said in a statement that "we believe [her husband] was treated fairly and given sufficient ...