The FSA's feedback on pension transfers at the end of 2008 has thrown into focus again the importanc...
The FSA's feedback on pension transfers at the end of 2008 has thrown into focus again the importance of being able to compare charges on different investments. Of the 16% of cases where advice was considered unsuitable, 79% involved extra product costs without good reason. That is one in eight of all transfers reviewed. In a third (35%) of cases where advice was found to be unsuitable the additional cost was not explained or justified to the customer. And there must be a strong possibility that in many of these cases the adviser was not clear on the cost difference either. This is ...
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