Consumer Duty clues clear in FCA work on retirement income

January survey ‘provides insights into future FCA expectations’

Sahar Nazir
clock • 2 min read

The Financial Conduct Authority’s (FCA) thematic review on retirement income “has many crossovers” with its expectations around Consumer Duty, according to Aegon.

Commenting one month after the implementation of the FCA's Consumer Duty regulation, head of pensions Steven Cameron said the review "provides a raft of insights into future FCA expectations, potentially beyond the retirement income space". "The survey covers areas such as target markets, ongoing advice services, vulnerable customers, platform selection, foreseeable harms, remuneration and culture," Cameron said. "The section on target markets asks about common client objectives, key characteristics, minimum fund values and groups for whom the firms' decumulation advice models may not...

To continue reading this article...

Join Professional Adviser for free

  • 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 Your profession

TISA warns FCA's targeted support could 'cause confusion' and hinder rollout

TISA warns FCA's targeted support could 'cause confusion' and hinder rollout

Industry group calls for more flexibility on disclosure

Sahar Nazir
clock 17 October 2025 • 2 min read
You can always make more money, but you can't buy more time

You can always make more money, but you can't buy more time

What’s the ROI on a memory that lasts forever?

Chris Ball
clock 16 October 2025 • 3 min read
Autumn Budget 2025: Reeves should use Budget to 'merge ISAs not cut tax-free limits'

Autumn Budget 2025: Reeves should use Budget to 'merge ISAs not cut tax-free limits'

The updates advisers need in the run up to the Autumn Budget 2025 on 26 November

Professional Adviser
clock 16 October 2025 • 1 min read