The FCA has refused to crack down on fees for financial advisers who tempt customers into ditching lucrative workplace pensions The City watchdog has been blasted for failing to protect workers from rogue advisers seeking to pocket vast fees from their pension pots.
Bosses at the Financial Conduct Authority have refused to crack down on fees for financial advisers who tempt customers into ditching their lucrative workplace pensions.
The fast-growing transfer market allows staff to pull out of a defined benefit pension for a lump sum up front.Critics fear the current system is encouraging savers to squander their nest eggs.MP Frank […]
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