Advisers offered free pension transfer review

Following an FSA review of pension transfers, which has resulted in at least three firms facing enforcement action, TCC says some firms will need to review their practices to ensure they do not fall foul of the regulator. The FSA found suitable advice was given in most cases, but substantial proportion of firms had made unsuitable recommendations to more than a third of their customers, and the FSA will be paying close attention to pension transfer business in future supervisory visits. TCC's review aims to help firms understand how the FSA would rate their business so they can identify...