Trust-based pensions to be covered by FCA's 'second line of defence'

clock

The Pension Regulator's (TPR) ‘second line of defence' for retirees will be extended to cover trust-based pension scheme members as well those in contract-based arrangements, peers have heard.

On Monday the Financial Conduct Authority (FCA) announced providers would be required to ask a specific set of questions and point customers towards regulated advice when they want to access their ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

OBR says 80% of in-scope workers may cut contributions as salary sacrifice limited

OBR says 80% of in-scope workers may cut contributions as salary sacrifice limited

Watchdog says behavioural impacts will also include employer contribution increases

Jonathan Stapleton
clock 06 February 2026 • 2 min read
AMNT: The continued presence of a member voice on trustee boards is essential

AMNT: The continued presence of a member voice on trustee boards is essential

Lewis Brown takes a look at the DWP’s consultation on trustees and governance

Lewis Brown
clock 05 February 2026 • 4 min read
Robin Ellison – Beware TPR's Terry Smith problem

Robin Ellison – Beware TPR's Terry Smith problem

PP’s regular columnist says the latest VfM document is a ‘flagship of absurdity’

Robin Ellison
clock 05 February 2026 • 13 min read
Trustpilot