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Mixed message from Smith on misselling definition

Secretary for state for work and pensions Andrew Smith has given an equivocal response to industry demands for a Government definition of misselling at a fringe meeting at Labour Party conference in Bournemouth.

Asked whether the Government would do more to ease employer and intermediary fears over future pensions misselling Smith said it was an issue he wanted to look at.

Smith said: “We will look at this issue but without infringing common sense ideas of what was financial advice and misselling.”

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