The pensions sector has urged the Financial Conduct Authority (FCA) to apply a whole market approach to its proposed pension transfer reforms.
The FCA's consultation, Adapting our requirements for a changing pensions market (CP25/39), outlines proposals for a new regime for interactive digital pension planning tools for in-force pensions and a new process to support non-advised consumers to make informed decisions about whether and where to transfer or consolidate their defined contribution (DC) pensions. The consultation opened in December 2025 and closes for comments on 12 February. In its response to the FCA's consultation, Pensions UK said it welcomed proposals and noted many of the reforms reflect long-standing industry...
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