With the first stage of auto-enrolment beginning this week, paraplanner John Jaffrey, of The Timebank, has outlined three things every adviser should know...
Jaffrey points to three changes outlined in Financial Services Authority (FSA) policy statement PS 11/8 on pensions reform, which can be read HERE. Pension specialists Jaffrey explains that anyone advising on opt-outs from any pension being used for auto-enrolment will need to be regulated as a pension transfer specialist. This relates to the existing rule that anyone offering advice on occupational pension transfers requires specialist approval from the FSA. Key features Jaffrey said that key features document disclosure rules will not require a comparison with a stakeholder sche...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
