FSA to decide on RU64 next month

But even if the rule is abolished, the FSA would still expect advisers to take into account the potential impact of a National Pension Savings Scheme (NPSS) on their clients, if it is implemented, when advising on pension arrangements. Speaking at the Treasury Select Committee inquiry into the design and regulation of an NPSS, Clive Briault, managing director of retail markets at the FSA, said although it was still considering the “very divergent views” received in response to the consultation on RU64, it would be putting a proposal to the board in June. Under current FSA regulation, the ...