FCA aims to bolster pension transfer protections with trio of measures

Retirement Outcomes Review final statement

“Together these changes should help to address the overarching harm identified in our joint pensions strategy with The Pensions Regulator – that people don't have adequate income, or the income they expected, in retirement" - the FCA's Christopher Woolard
“Together these changes should help to address the overarching harm identified in our joint pensions strategy with The Pensions Regulator – that people don't have adequate income, or the income they expected, in retirement" - the FCA's Christopher Woolard
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The Financial Conduct Authority has unveiled a range of pension-related proposals with a view to improving the quality of pension transfer advice and helping consumers obtain "better value from their pension".

The package includes Consultation Paper 19/25, which proposes a ban on contingent charging for pension transfer advice, an update on the work the regulator has been doing on non-workplace pensions and...

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