Pensions: Advisory Services

(asked on 18th November 2014) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what guidance he has issued on the provision of advice to investors by self-invested personal pensions providers.


Answered by
Andrea Leadsom Portrait
Andrea Leadsom
Parliamentary Under-Secretary (Department of Health and Social Care)
This question was answered on 25th November 2014

The provision of advice to investors by self-invested personal pensions providers is a matter for the Financial Conduct Authority.

The independence of the FCA is vital to the role it provides as a safety net for consumers with complaints against financial services firms. Their credibility, authority and value to consumers would be undermined if it were possible for the Government to intervene in their decision-making.

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