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ABI issues explanatory memorandum

The Association of British Insurers has issued an &#39explanatory memorandum&#39 clarifying what constitutes best advice, following the PIA&#39s personal pensions regulatory update.


The guidance is designed to help insurance companies and IFAs meet customer needs whilst meeting the regulator&#39s requirements.


It offers advice on the implications of the PIA&#39s regulatory update for the self-employed, increases to existing personal pension plans and for direct advertising.

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