The UK’s Financial Conduct Authority has taken steps to improve the advice given to those considering transferring their defined benefit pensions, by banning financial advisers from “contingent charging”. The practice has, in the past, allowed financial advisers to charge for advice only if a transfer goes ahead.
The UK’s Financial Conduct Authority has taken steps to improve the advice given to those considering transferring their defined benefit pensions, by banning financial advisers from “contingent charging”. The practice has, in the past, allowed financial advisers to charge for advice only if a transfer goes ahead.
