Advising on Pension Transfers

Published on 20 July 2017

The LITRG welcomes the opportunity to contribute to the Financial Conduct Authority's (FCA) consultation on pension transfer adivce as we are concerned that a future mis-selling problem could arise in this area, given that people may be attracted by the selling points of accessing pension freedom which they cannot do from a defined benefit (DB) scheme. Our response highlights the difficulties of explaining to low-income and unrepresented individuals all the factors they need to take into account in getting to the right decision for them.

Our response can be found here: PDF icon FCA, CP17/16: Advising on Pension Transfers – LITRG response

(20-07-2017)

Contact: Kelly Sizer (please use form at http://www.litrg.org.uk/contact-us) or follow us on Twitter: @LITRGNews