Financial Vulnerability Taskforce points to the lack of intervention and guidance
A potential surge in pension transfer requests as a result of the economic fallout from lockdown could see demand for advice rocket, putting increased pressure on the profession, the Personal Finance Society (PFS) has warned.
A pension scheme trustee has transferred a client's pension despite clear warnings from the adviser this was not their recommendation - a scenario that should provoke a change in the law, according to the Personal Finance Society (PFS).