Consumer danger: Assessing the FCA's new pensions freedom rulebook

Proposals need careful consideration

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Aileen Lynch assesses the FCA's changes to retirement rules and guidance brought in as a result of pensions freedom and choice...

We're six months into the full implementation of pension freedom and, following this initial period of reflection, the regulator has taken the opportunity to review its rules and guidance and make proposals for future rule changes to protect the interests of consumers. These proposals will need to be considered carefully and could mean firms having to adapt their sales processes. Pension freedom has seen the public engage with pensions like never before. Being able to drawdown a full pension fund has stimulated mass interest from consumers and, in turn, from the regulator, for they...

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