FSA announces delay of RU64 decision

The white paper states transitional arrangements for the new pension scheme will be announced later this year and, in light of this, the FSA says it would be sensible to delay the decision on the future of RU64 until the position is clearer. The regulator will then consider what, if any, regulatory intervention will be necessary during the transition period. Earlier this month Clive Briault, managing director of retail markets at the FSA, said a proposal on RU64 would be put to the FSA board in June. But on Tuesday leaked government reports showed ministers had made a last-minute plea...