Consumers would benefit from option four - PIMA

In its submission to the Treasury consultation paper: Proposed changes to the eligibility rules for establishing a pension scheme, PIMA has chosen to support 'option four' which allows providers already dealing in products regulated by the Financial Services Authority (FSA) to establish pension schemes. PIMA suggests this option would meet the need to establish transitional arrangements between A-Day and the time at which pensions schemes may become regulated by the FSA, which is expected to be April 2007. The association believes this is the best way for the market to provide consumers...