Advisers are concerned they could be sued in the future over poor advice as client demand for defined benefit pensions transfers, surges, new research from pensions provider Prudential shows.
The attraction of high transfer values for final salary schemes is putting pressure on advisers as insistent clients disagree with their recommendation.
According to the study more than 80 per cent of advisers have reported an increase in requests for advice about transferring defined benefit pensions.Even more worrying the Prudential said that two out of five advisers (44 per cent) warned they had seen an increase in clients completing transfers despite recommendations […]
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