The Financial Conduct Authority (FCA) has proposed creating two new regulatory returns for pension providers to collect retirement income data post-pension freedom and so replace current ad hoc reporting.
In a consultation out on 25 November the regulator proposed implementing new annual and biannual returns, which will collect information about sales as well as the distribution channels used to sell the...
OCF reduced from 0.24% to 0.22%
Up from one in 100 in Q1 2016
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Problem 'needs addressing'