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UK lawmakers call for action on financial advice gap

UK lawmakers call for action on financial advice gap

The UK pension freedoms introduced in April this year are not yet operating as well as they should, and the provision of affordable advice was "woefully inadequate", a new report from a parliamentary oversight committee found. The House of Commons Work and Pensions Committee, in its first report on the pension freedoms released on Monday, said as a result consumers were at risk of making poor decisions with their life savings. Please link to International Adviser to read the full article by Richard Hubbard.

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