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Call for pension transfer warning to stem ‘growing problem’

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.

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