'Regulatory inhibition' stifling workplace pension advice

Industry experts weigh in

clock • 2 min read

Pension industry experts have highlighted a high proportion of investors are making “poor decisions based on poor advice” and a reluctance amongst firms to provide advice on pensions.

The Financial Conduct Authority's (FCA) latest publication, Driving Purposeful Cultures, Pensions Management Institute president Lesley Carline and Duncan Watson, CEO of EQ Paymaster, co-authored an essay on the pensions sector. The essay pointed out the need to adapt the pensions market after the "arrival of auto-enrolment and defined contribution freedoms" altered the landscape. It said "regulatory inhibition" had resulted in a reluctance from firms to provide guidance around pensions, which resulted in bad outcomes for investors. "We are all concerned about overstepping the advi...

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 Regulation

Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 14 July 2026 • 1 min read
The Mills Review: AI innovation must be matched by AI governance

The Mills Review: AI innovation must be matched by AI governance

As AI becomes embedded in FS governance can no longer be treated as an afterthought

Chris Davies
clock 13 July 2026 • 4 min read
FCA moves to remove 'co-manufacturing' label in latest consultation

FCA moves to remove 'co-manufacturing' label in latest consultation

‘Firms would be either a principal or secondary manufacturer’

Jenna Brown
clock 29 June 2026 • 4 min read