'Contingent charging ban will not eliminate criminal advisers' - PIMFA
WPC inquiry response
“Without putting in place solutions to complex problems, it remains unclear what it is the committee actually thinks they will achieve" - PIMFA's Simon Harrington
Financial adviser trade body PIMFA has warned that banning contingent charging on defined benefit (DB) transfers would be a simplistic answer to a complex problem that would not rid the sector of criminal practices.
In its response to the Work and Pensions Select Committee's (WPC) inquiry into contingent charging, which launched earlier this month, the Personal Investment Management & Financial Advice Association...
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