Exploring the FCA's non-workplace pension cash warning contradiction

Unadvised clients could seek advice after getting cash warning

clock • 5 min read

Caitlin Southall takes an in-depth look at the FCA's non-workplace pension cash warning strategy...

With the sheer volume of changes and proposed changes around pensions at the moment, it would be understandable if the upcoming implementation of Policy Statement PS22/15 would be missed. This policy statement relates to improving outcomes in non-workplace pensions (NWP) and is the culmination of the Financial Conduct Authority's (FCA) extensive investigations into the NWP market. These investigations identified a lack of a competitive market driven by low consumer engagement due in the most part to ‘complex and confusing products and charges'. The policy statement was published on 1 ...

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