Firms' Pensions Wise signposting oversight 'inadequate', FCA finds

Although review finds most firms are communicating adequately

Nicola Brittain
clock • 2 min read

The way financial services firms oversee their signposting to guidance from Pension Wise is ‘inadequate', according to the findings of a review from the Financial Conduct Authority (FCA).

The signposting to pensions guidance review found that this inadequate oversight included the failure to use management information or case or call sampling to adequately assess compliance with its Conduct of Business rules. These rules, which were implemented in April 2015, set out a framework detailing how firms should inform customers about the availability of pensions' guidance service Pension Wise.  Pension Wise is a free service set up by the government that helps provide people on low to middle income with information around their retirement income options.  During its revie...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Women's pensions: Why the gender savings gap opens at age 28

Women's pensions: Why the gender savings gap opens at age 28

Women in their late 50s hold 48% less in their pension than men

Rachel Vahey
clock 11 June 2026 • 3 min read
DC pension pot growth points to increased fraud risk, pensions minister warns

DC pension pot growth points to increased fraud risk, pensions minister warns

Torsten Bell says expanding DC pots will attract increased fraudster attention

Martin Richmond
clock 11 June 2026 • 2 min read
Revised transfer regs widely backed but industry calls for 'clear and practical' guidance

Revised transfer regs widely backed but industry calls for 'clear and practical' guidance

DWP makes key changes to traffic-light transfer conditions

Jonathan Stapleton
clock 10 June 2026 • 7 min read