FCA tells providers to nudge advised clients to Pension Wise

'Surprised and disappointed'

clock • 3 min read
The new rules implement a requirement set by Parliament and are designed to increase take-up of the Pension Wise service, the FCA said.
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The new rules implement a requirement set by Parliament and are designed to increase take-up of the Pension Wise service, the FCA said.

The Financial Conduct Authority (FCA) has announced final rules requiring providers to implement the "stronger nudge" to Pension Wise guidance when customers access their retirement pot.

From 1 June 2022 pension providers will have to give customers - both advised and non-advised - a stronger nudge to Pension Wise when they decide to access their savings. Steven Cameron, pensions director...

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