Pensions regulator to align DB trustee 'freedom' guidance with FCA rules

Up to now TPR has advised schemes to give members generic information when they look to access their pension pot, while the FCA says providers must give tailored risk warnings. Speaking at Pensions and Benefits UK, the watchdog's chairman Mark Boyle said the two regulators were right to take different stances given the differences between trust and contract-based regimes. But he said TPR was consulting with the government and FCA about introducing requirements for large trust-based schemes and master trusts that were "as similar as possible" to the FCA's stance. Boyle said: "We do ...