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 ...

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 Pensions

SSAS: Practitioner-only and professional trustees – what's the difference?

SSAS: Practitioner-only and professional trustees – what's the difference?

'Robust governance and informed decision-making are critical'

Caitlin Southall
clock 27 January 2026 • 5 min read
'Caution' required over potential use of pensions for house deposits

'Caution' required over potential use of pensions for house deposits

Research finds the number of retirees living in rented property could treble by 2040

Martin Richmond
clock 23 January 2026 • 4 min read
Hidden 'systemic barriers' perpetuate gender pensions gap

Hidden 'systemic barriers' perpetuate gender pensions gap

Entrenched barriers, not lack of financial confidence to blame

Jenna Brown
clock 23 January 2026 • 3 min read