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

Proposals need careful consideration

clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Many savers fear smaller pension pots after salary sacrifice reforms

Many savers fear smaller pension pots after salary sacrifice reforms

Two-thirds think changes will mean paying more National Insurance

Jasmine Urquhart
clock 08 January 2026 • 2 min read
Evolution of pension recommendations and how 2026 may influence change

Evolution of pension recommendations and how 2026 may influence change

Next year could be the start of something big

Richard Hulbert
clock 06 January 2026 • 4 min read
Preparing for 2029: Adapting to the Budget's salary sacrifice cap

Preparing for 2029: Adapting to the Budget's salary sacrifice cap

'While this policy alters the landscape, it arguably represents an adjustment rather than a fundamental reform'

Steve Charlton
clock 22 December 2025 • 3 min read