FCA proposes tougher action to protect pension customers – at last!
At last the FCA will force providers to help customers with unbiased PensionWise guidance. Pension freedoms were always intended to go hand in hand with help for customers to understand the risks of taking money from their pension. PensionWise service has rave reviews but less than one in ten customers use it before withdrawing or moving their pension money. Let’s hope providers do ensure their customers take-up PensionWise appointments to help avoid scams or expensive irreversible mistakes and unnecessary tax…