Emma Ann Hughes  

Do-it-yourself pensions were bound to backfire

Emma Ann Hughes

Emma Ann Hughes

"The answer is the duty is premised on you doing what you are told because if you don't execute then you run the risk that the product will become unavailable or the price will change."

Mr Kirk explained that if the company had investigated Sustainable AgroEngergy to determine whether it was a good investment then that duty laid out in the FCA Sourcebook would have been impossible to achieve.

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This case will be a landmark in deciding whether Sipp providers should intervene and scrutinise what people who pick a do-it-yourself pension want to plough their cash into.

I am left with the question: Should B&Q refuse to sell you bricks and mortar in case you are an idiot who intends to build your own extension?