PIMFA Response to Work and Pensions Select Committee Inquiry into Pension Transfer Advice

PIMFA response to Work and Pensions Select Committee inquiry into pension transfer advice. Our primary concern is that contingent charging has been wrongly identified by the Committee as the main cause of the events of Port Talbot, rather than the multitude of other factors which contributed to a unique ‘melting pot’ of emotional drivers which led to poor practice, poor outcomes and criminal activity. We do not believe that banning contingent charging would have in any way averted this