FCA and TPR update joint retirement income regulation strategy

High-level update to the 2018 pensions joint regulatory strategy

Jenna Brown
clock • 2 min read

The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have updated their joint regulatory strategy for pensions and retirement income in light of current the cost of living crisis and macroeconomic challenges.

The regulators today (7 December) issued an update to their joint working practices, which were first put into operation in 2018, and outlined plans for the future. TPR chair Sarah Smart said: "I want to make a promise to savers. Whatever pension scheme you are saving into, FCA and TPR will do our very best to protect you from harm and ensure your scheme seeks to deliver real value for your investments. "The only way we can make good on this promise is continued and deepened collaborative working with our closest partner, the FCA. That's why today, together with the FCA, I'm pleased t...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Caroline Rainbird

FSCS levy demand for 2023/24 'significantly' cut to £270m

Updated levy is £208m lower than the forecast published in November 

Jenna Brown
clock 25 May 2023 • 3 min read
SDR holds “a lot of promise”, the firm said, especially in a simplified disclosure for consumers

Morningstar: FCA has 'once-in-a-generation opportunity' in SDR

Sustainability Disclosure Requirements to build a 'truly cohesive' framework

Elliot Gulliver-Needham
clock 18 May 2023 • 3 min read
FCA censures Lighthouse after British Steel 'serious failings'

FCA censures Lighthouse after British Steel 'serious failings'

Quilter-owned firm has paid out £23m in redress

Jenna Brown
clock 15 May 2023 • 2 min read