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Pension schemes - facilitating financial advice?

The Pensions Ombudsman has published ‘Panels and Independent Financial Advisers.’

Historically, pension scheme administrators, trustees and employers have expressed concern with regard to the scope of their responsibilities in providing financial advice to members and have hesitated in recommending or facilitating access to particular financial advisers. The Pensions Ombudsman’s (TPO) guidance on this topic sets out its approach to the provision of factual information to scheme members in respect of independent financial advisers.

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