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Fears over pension freedom liability leave savers unadvised

Fears over pension freedom liability leave savers unadvised

UK financial advisers are avoiding giving advice on the full scope of pension freedoms due to concerns they might be held liable later down the line, according to new research. Figures from insurance giant Zurich, reveal that more than half of advisers are not giving advice on the full range of new flexible pension rules, with two-thirds worried about their future liability. "These findings highlight the need for additional regulatory clarity on the pension freedoms and show why the lack of a long-stop remains a key issue for financial advisers," said Zurich's head of retail platform strategy Alistair Wilson. Please link to International Adviser to read the full article by Katherine Denham.

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