RP Poll: Will the 'second line of defence' save retirees from bad outcomes?

RP Poll: Will the ‘second line of defence’ save retirees from bad outcomes?

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This week's poll asks advisers to share their views on the Financial Conduct Authority's ‘second line of defence' for retirees.

The watchdog said on Monday all pension providers would have to ask retirees looking to access their pension pots a series of set questions about their circumstances and intentions before signing off on their request. Providers will also be required to refer them to available guidance and regulated financial advice. Several industry figures had campaigned for a ‘second line of defence' to be introduced for retirees looking to take advantage of pensions freedom but who were unwilling to take advice or guidance. To share your views on the merit of the 'second line of defence' and whe...

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