FCA to probe providers over private pension products

On Friday, the regulator released a discussion paper that sought to take the first steps in learning whether competition is working well in the non-workplace pension marketplace, or if there is a need to go further to protect consumers.  The paper revealed the FCA plans to gather data from providers concerning their products, charges and means for ensuring fair outcomes to customers. It also plans to undertake "qualitative consumer research". The regulator said if harm was identified through its diagnostic work, it would develop "appropriate proportionate interventions for consumers i...