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FSA to host pension switching seminars for compliance consultants

In May the FSA is hosting training seminars for compliance consultants in London and Dudley on its expectations in regards to pensions switching.

In December 2008, the FSA published the findings of its thematic review of the quality of pension switching advice, which raised concerns about widespread advice failings.

The regulator says the aim of the seminars is to provide information to compliance consultants while their firms are preparing for assessments on their pensions switching work.

They will take place in London on May 13 and in Dudley on May 14.

The FSA says: “We want to create an environment for firms where understanding of compliance and good practice standards is widespread and firms are fully engaged in meeting those standards.

“Our training seminars are interactive, allowing consultants to learn from each other, as well as the FSA. At each, we go through practical examples which include going through what we are looking for when we visit a firm through the use of case studies, and answering questions during every step of the process.”

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