Pensions reviews 'can't wait'
A financial services provider is urging people to review their pension schemes.
Zurich says the economic uncertainty means Brits need advice now and cannot afford to wait until their next scheduled meeting with their adviser.
Its pensions review campaign will begin with a series of regional seminars around the country, as well as a Pension HelpPoint team to provide administrative support for intermediaries.
Dave Lowe, Zurich's pension management director, says financial pressures will draw those saving for retirement further towards capital protection as their attitude to risk becomes more cautious.
He continues: "Advisers can work with their clients to ensure their investment strategies continue to correspond with their own needs."
The initiatives follow the recommendations made by the Financial Services Authority (FSA), which advocates the need for clear and transparent processes.
A December investigation by the FSA found 16 per cent of advice given on switching pensions to be unsuitable, with a quarter of firms considered to be giving a high proportion of bad advice.
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