pensions – Complyport Limited

FCA Plans For Stronger Nudge Towards Pension Guidance Via Pension Wise

In December 2021, the FCA published its Policy Statement: ‘PS21/21: The stronger nudge to pensions guidance: feedback on CP21/11 and final rules and guidance’. This statement summarises the feedback received from May’s Consultation Paper (CP 21/11) and provides final rules and guidance for firms to help implement Parliament’s desire to [...]

FCA Unhappy With The Current Standard Of Pension Transfer Advice

Pension Transfers in the Headlines Again… What is the issue? The FCA has issued the results of its recent work on the standards of pension transfer advice and has concluded that in less than 50% of cases reviewed was the advice given suitable. The levels of unclear (23%) and unsuitable [...]

Pension Scams – Regulators urge caution

The Financial Conduct Authority (“FCA”) and The Pensions Regulator (“TPR”) have launched a joint television campaign to raise awareness of pension scams (“ScamSmart”). The campaign aims to educate individuals on some of the most common tactics used by fraudsters. The ScamSmart campaign is targeted at pension holders between 45 and [...]

Pension Changes to Enhance Consumer Protection

After much debate the FCA is proposing changes to the pension rules to address the risks and challenges faced by consumers in the new retirement market. The FCA’s paper contains proposals designed to ensure that the pensions market works well for consumers, including new requirements to help consumers shop around, [...]

Tag: pensions

FCA Plans For Stronger Nudge Towards Pension Guidance Via Pension Wise

FCA Unhappy With The Current Standard Of Pension Transfer Advice

Pension Scams – Regulators urge caution

Pension Changes to Enhance Consumer Protection