Britain cracks down on "vulture" pensions advisers

LONDON (Reuters) - Britain's markets watchdog has banned contingent charging after lawmakers criticised financial advisors for ripping off steelworkers facing critical decisions about their pensions.Contingent charging refers to financial advisers not earning their fee unless they recommend a specific course of action for an accrued defined benefit pension."The ban will remove the conflicts of interest which arise where a financial adviser only gets paid if a (pension pot) transfer goes ahead,"..