FSA u-turn puts advisers in difficult position

Dear Editor, I would like to draw attention to the catch-22 situation pensions advisers find themselves in as a result of the The FSA's u-turn on plans to scrap RU64. There's already been much debate around the appropriateness of the high levels of pension transfer business going through, and whether or not this is being led by advisers or providers themselves, and now advisers are going to be left high and dry. While the FSA's Financial Risk Outlook for 2007 questions the role of providers in ensuring pension transfers are suitable and in an investor's best interests, by retaining RU64...