The Financial Conduct Authority (FCA) has set priorities for the coming year for its joint action with The Pensions Regulator (TPR), including reviewing whether pension schemes are providing sound information to consumers.
The standards for delivering value for money beyond TPR's existing defined contribution (DC) code and guidance will also be developed under their joint action. The watchdog's business plan for 2019/2020, published today (17 April), outlined a number of other key priorities for the sector over the coming year and laid out the steps it is taking to ensure maximum effectiveness and minimised costs for firms and consumers. The report noted: "Scams and poor pension transfer advice present challenges to consumers, regulators and the sector." It revealed there will be more focus on effect...
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