FCA: Retirement 'wake-up' packs must start at 50

Retirement Outcomes Review

Jenna Brown
clock • 2 min read

Retirement wake-up packs should start from age 50 to ensure better engagement for customers, the regulator's Retirement Outcomes Review has concluded.

The Financial Conduct Authority's (FCA) review of the post-pension freedom retirement landscape found that, while consumers value the changes to how they can access their savings, many were not obtaining value for money. It outlined a range of measures designed to better protect consumers, improve engagement and promote competition within the market. FCA plans drawdown 'investment pathways' to boost outcomes The FCA is proposing that ‘wake-up' packs should be sent to customers from the age of 50 and then every five years until the customer has fully accessed their pension pot.  ...

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 Regulation

The impact of the Overseas Fund Regime explained

The impact of the Overseas Fund Regime explained

Initially covers UCITS funds issued in most EU and EEA member states

Mark Rendle
clock 18 August 2025 • 3 min read
Viewing Consumer Duty through the vulnerability lens

Viewing Consumer Duty through the vulnerability lens

Clients can be vulnerable in many ways

Mark Sanderson
clock 14 August 2025 • 4 min read
Why the FCA's data request demands more than compliance

Why the FCA's data request demands more than compliance

Shift towards data-driven regulation arrives at a 'pivotal juncture'

Claire Cherrington
clock 31 July 2025 • 4 min read