The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) are asking the industry for feedback on how to improve customer decisions about pensions at key life points.
In a joint call for input today (18 May) the regulators acknowledged the "seismic shift" in the pensions landscape since the 2012 introduction of auto-enrolment - notably the continuing move from defined benefit (DB) schemes into defined contribution (DC) arrangements. "This shift means savers carry more of the risk in planning for their retirement and have more decisions to make than ever before," they said. The two will now work to explore the factors which affect how consumers save for retirement, with the aim of improving the journey from joining the workforce until the end of the...
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