Stephen Lowe: FCA's stronger nudge 'wrong solution at wrong time'

Three years on from the Financial Guidance & Claims Act we finally have sight of how the Financial Conduct Authority (FCA) plans to meet its obligation to increase the numbers taking up their entitlement to free, impartial and independent guidance. Unfortunately, it is a plan set up to fail. On the face of it, the FCA's consultation paper CP21/11 The stronger nudge to guidance outlines how providers will need to introduce a final opportunity for pension savers to take Pension Wise guidance before accessing their pensions. But you don't have to read between the lines to realise it is m...