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Sales of pension switching advice software increases following review

Providers of pension advice software have seen increases in demand for their products in 2009 in response to the FSA's review of pension switching.

This news follows on the heels of the FSA's December 2008 report 'Quality of advice on pension switching'. To re-enforce this report - following written communication and support workshops - the authority proposed to review a number of firms to ensure that any pension switches being recommended were compliant with their regulations.

O&M Systems, which markets Pensions Profiler, a program that assists advisers …

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