FCA proposes new regulatory returns for pension providers

In a consultation out on 25 November the regulator proposed implementing new annual and biannual returns, which will collect information about sales as well as the distribution channels used to sell the products. The data will also track providers' assets under administration and monitor consumer behaviour around withdrawals, including any advice used. The FCA said it wanted to secure better protection for consumers while promoting effective competition in the market. The data will also allow it to target its regulatory interventions around particular providers and products. The me...