The Old Fat One isn't registered with the FSA and representing himself as such and/or as an IFA, so whats he doing wrong? And if you think the issue of pensions advice now is murky - just wait until Public Accounts kick in, in 2012.
Apologies for going Off Topic, but on another (mil related) note, given that Henry Allingham is now the oldest man in the UK, he will soon be in receipt of the State pension for 49 years - longer than most of us talking about annuities have been alive? This Early Day Motion might interest some;
''That this House welcomes the decision of the French government to award the Legion d'Honneur, France's highest badge of courage, to Henry Allingham; expresses admiration for the way in which the 112 year-old has in recent years conducted himself with dignity and pride in reminding people in this country of the horrors of war and the sacrifice and courage shown by our servicemen and women; calls on the Government to honour Mr Allingham in a manner equivalent to that decided upon by the French government; and welcomes the campaign by the Brighton-based Argus newspaper to achieve this.''
UK Parliament - Early Day Motions By Details
Britain has to honour its oldest war veteran (From The Argus)