Providers will not have to apply the ‘second line of defence' risk warning procedure to pension pots worth £10,000 or under, the Financial Conduct Authority (FCA) has said.
Providers were told to question customers looking to cash in their pension pots after freedom and choice was introduced to prevent people making bad decisions with their retirement funds. The FCA's...
Restructure at regulator
Digital Wealth and Outsourcing Express raised over £15m
Pension switch glitch
Vulnerability shot up 15% in 2020
Pension boost from lockdown pain
Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to The Times.
Made 12 acquisitions in 2020