mis-selling

Industry bodies have expressed their concerns over the problems introducing auto-enrolment in 2012 will have on group personal pensions.

The Financial Service Authority says an investigation into the use of endowment time bars has found companies are applying them fairly, contrary to criticism from consumer bodies.

Self-invested personal pensions are at risk of being mis-sold at both ends of the market by '"ill-equipped" advisers, warns SG Wealth Management.

Consultant Watson Wyatt says life companies will 'have to move fast' on PTA to avoid any potential mis-selling claims in future.

Research into the retirement habits of the self-employed reveals advisers are seen in a negative light.

Minister for pensions reform James Purnell has hit back at industry commentators who suggest personal accounts will lead to a mis-selling scandal by arguing they don't understand how means-testing works.

Consumers who believe they may have been mis-sold by Berkeley Independent advisers may now be entitled to compensation through the Financial Services Compensation Scheme.

An interesting case study emerged this week which highlights a common problem intermediaries face with advice given by banking advisers to their clients.

HALIFAX BANK OF SCOTLAND yesterday said it was on track to increase profits by 7% this year after it regained its share of the mortgage lending market, reports The Scotsman .

There is a new danger lurking on the horizon for financial advisers, and this one has the potential to really damage consumer confidence in financial services if the consumer press takes hold of it.