Regulation round-up: Budget, FCA risk outlook and independence

Over the past few weeks, the pensions industry has had a chance to digest the changes proposed in the latest Budget statement. The chancellor announced major reforms to the decumulation market aimed at enhancing customer choices at the point of retirement and assisting customers in making those choices. It comes as part of a wider package encouraging people to save. The subsequent Treasury consultation sets out: • Reforms to the pensions rules so that all consumers are offered the full range of options at the point of retirement (lump sum, drawdown or annuity), regardless of the size ...