Call for pension transfer warning to stem ‘growing problem’

Insistent clients seeking pension freedoms under the UK's new rules are creating a conflict of interest for financial advisers in relation to transfers of defined benefit pension schemes, according to the UK's Personal Finance Society. The PFS is calling for a solution to "this growing problem", where clients instruct advisers to facilitate a pension transfer against their advice, by requiring an independent risk warning from the trustee. Please link to International Adviser to read the full article by Mark Battersby.