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 it would assess how its rules help consumers during decumulation. The plan said the regulator intended to design and launch an evidence-led view on how to best drive value for money. It said it would work jointly with The Pensions Regulator (TPR) to help ensure "comparability across products" using evidence and insight on what information firms should give consumers. TPR regulates trus...
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