Pension transfer ruling is 'stopping advice', consultant claims

clock • 3 min read

The UK's Financial Conduct Authority's proposals to ban contingent charging in the vast majority pension transfer scenarios is stopping the route to necessary advice for many, according to a UK pensions consultant. The move, originally planned to reduce concerns about a conflict of interest in situations where an adviser would only be paid if they recommended a transfer, has, however, caused even more issues, says Clive Harrison, partner at LCP. Harrison who is one of a number of partners at LCP -a consultancy firm which advises more than 40 per cent of the FTSE100 companies - believe...

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