IFP: Chancellor's 'right to advice' pledge may spark mis-selling

The professional body called the Chancellor's sweeping reforms, which seek to open up the retirement market to give people more choice over the options, "momentous". But it warned that it could give rise to so-called advice given by those not suitably qualified and regulated, which could be a dangerous breeding ground for mis-selling. The Chancellor accompanied his retirement reform with the announcement of a guidance guarantee scheme that demands providers guarantee their clients get free impartial advice at point of retirement. But the IFP said advice should not be given at singl...