Pensions guidance nudge 'skewed' toward Pension Wise

Aegon has criticised pension guidance proposals for detracting from other forms of support

Hope William-Smith
clock • 2 min read
Aegon pensions director Steven Cameron
Image:

Aegon pensions director Steven Cameron

The Financial Conduct Authority (FCA) must fully consider whether its ‘stronger nudge’ legislation proposals are too skewed toward promoting Pension Wise over other forms of support, Aegon says.

The FCA's proposals as outlined in a May consultation - based on a requirement in the Pension Schemes Act 2021 - aimed to make sure defined contribution savers have either received or opted out of receiving...

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