Commenting on the FCA’s ‘Advising on Pensions Transfers’ consultation, which closes today, Ryan Markham, head of member options at Hymans Robertson, said: “Yesterday the Work and Pensions Select Committee launched an inquiry into freedom and choice. One question it raised is whether people are taking appropriate advice, and if not, why not? For those considering a transfer out from DB, there is a need for better quality advice and more certainty around who is ultimately taking responsibility for it. “This consultation from the FCA, while a welcome step forward, is long overdue. Clarifying the expectations placed on advisers […]
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