According to city watchdog the Financial Services Authority, the mis-selling of pension schemes could be rife in the UK. An FSA investigation indicates that advisers may have been transferring their customers into more expensive or more high risk pensions with little suitable advice.
The report, which was due next week, has been raced out due to a leak in the information. As well as financial advisers, insurance companies may also have been mis- selling pension schemes .
Some insurance companies are likely to experience similar prosecution to that of AWD Chase De Vere, who were given a £1.12 million fine for mis-selling expensive pensions to savers in the UK.
Pensions mis-selling could be rife
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Pensions mis-selling could be rife
Mon, 08 Dec 2008
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