Swansea Financial adviser Simon Hughes has been banned by the FCA and made to pay £158,600 redress for “negligent” pension advice which has led to £8m compensation being paid to his BSPS member clients.
Aegon has called for the limit on Income Tax and NI relief on employer-arranged pension advice to be doubled.
A proposed £500 allowance to enable people to use their pension savings to pay for advice would be shunned by nearly two thirds of over 50s.
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