PFS chief warns on 'increasing danger' of unregulated activity

Chief executive Keith Richards reiterated the society's call for greater oversight of non-regulated savings and investment activity to eliminate the grey area between it and regulated advice. Late last year the PFS warned the public to be on guard against the "inevitable wave of non-regulated scammers" who would try to capitalise on pensions freedom and choice. Richards said: "The increasing danger of consumers finding their way into unregulated activity is worrying. It is now time for all activity to come under the same umbrella, to provide consistency of standards and consumer pro...