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"Consumers have significant choice but also significant responsibilities when it comes to pensions. We want them to be able to make effective choices, though many consumers need support to achieve good long-term outcomes when faced with complex decisions." - FCA business plan
The regulator has set out its supervision focus for pensions with providers coming under scrutiny this year to ensure consumer value for money before shifting its focus to decumulation in 2022.
The Financial Conduct Authority (FCA) business plan, released on Thursday (15 July), said the watchdog would focus on product design during accumulation in the coming year. It also said that during 2022...
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