Pensions Ombudsman  

Ombudsman sets out how trustees should work with advisers

A spokesperson for pension consultancy LCP said: “IFA firms are increasingly being considered by trustees concerned that their members may take inappropriate decisions with their retirement savings.

“This short guidance is useful, in particular in giving some pointers to trustees about what they can do to reduce the risk that they will be liable if something goes wrong, but trustees are also likely to want to seek professional advice before providing access to an IFA panel.”

amy.austin@ft.com

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