Ministers ask FSA to delay RU64 removal - papers 23rd May

The paper suggests the approach has been prompted by anxiety the government's plans for a rapid expansion of national private pensions to 6.7 million employees will lead to a fresh bout of pension mis-selling. The pension white paper is due on Thursday and is expected to outline a new national pension saving scheme from 2012. The FSA, the financial markets' watchdog, was expected to relax the rules on selling at its board meeting this week, after a year-long consultation. It plans to lift the rule known as RU64 which requires pension sellers to inform customers of alternative pensions wi...