FCA cites pension freedoms as a driver of consumer harm

FCA to look at decumulation advice

Hannah Godfrey
clock
The FCA said there was “significant risk of harm” in the long-term savings market.
Image:

The FCA said there was “significant risk of harm” in the long-term savings market.

The Financial Conduct Authority (FCA) has cited the 2015 pension freedoms as one example of a driver of consumer harm.

In its latest business plan, the regulator outlined its key priorities for the upcoming years, one of which was to prioritise end outcomes for consumers, markets and firms. The FCA said there was "significant...

To continue reading this article...

Join Professional Adviser

 

  • 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.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Among those expecting to work beyond their state pension age, 43% consider their pension to be inadequate to retire fully.

17.1m pushing the state pension age

More than one million UK workers believe they will never retire, according to research from Canada Life.

clock 06 December 2021 • 2 min read
Have your say in the Pro Adviser Poll.

Advisers, have you transferred out of your DB pension(s)?

Pro Adviser Poll

Professional Adviser
clock 02 December 2021 • 1 min read
Keith Churchouse: "As we see another mutual face a vote on its future, will this also be the turning point for more far-reaching change?"

Keith Churchouse: End of another mutual and change ahead?

The laws of unintended consequences

Keith Chruchouse
clock 01 December 2021 • 3 min read