The new guidance service could "damage" and "undermine" Financial Planners and turn consumers away from professional advice, a Conservative MP has warned the Government.
An MP who represents a constituency which is home to a number of major pension providers has raised serious concerns over how the Government's retirement guidance service will be paid for.
Retirement money totalling around £1.5 billion across the UK market is "in limbo", Hargreaves Lansdown says, as it reported a major fall in annuity business.
Six CFPCM professionals are hoping to win the vote of their fellow Financial Planners as they vie for three places to become directors on the IFP board.
The Financial Conduct Authority has fined a former director of London-based financial advisory firm Burlington Associates £350,000 and banned him from any involvement in FCA authorised firms.
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