TPR and FCA to review consumer pensions journey in joint strategy

The collegiate regulatory approach, published today (18 October), will see the two watchdogs commit to a four-pronged effort over the next five to 10 years to boost savers' outcomes and understanding of pensions. After consultation with the industry, they said they will aim to improve access and participation, funding and investments, governance and administration, and consumer understanding and decision-making with workplace pension schemes. Among the pledges is to launch a joint review of the consumer pensions journey in 2019 - exploring how disclosures and information provided by s...