The Financial Conduct Authority (FCA) has set out the standards providers of the government's pledged free retirement guidance must meet.
The regulator has been given a new role to set, maintain and monitor compliance with the following standards, which are being consulted on. Product providers will have a duty to point retirees towards the government's 'delivery partners', which will include the Money Advice Service (MAS) and The Pensions Advisory Service (TPAS). The guidance will be available from April 2015. Here are the standards in full...
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