Industry raises significant concerns over FCA consultation on advising on pension transfers

Jonathan Stapleton
clock • 3 min read

The industry has raised serious concerns that Financial Conduct Authority (FCA) transfer advice proposals on illustrative figures could hamper schemes’ ability to help members to understand their retirement options and force many to take full regulated advice.

In its response to FCA consultation GC 20/1, which closed to responses earlier this month, the Association of Consulting Actuaries said it had significant concerns over the guidance in annex two of...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

HMRC publishes LTA Finance Act regulations

HMRC publishes LTA Finance Act regulations

Regulations relate to omissions in the Finance Act 2024 regarding LTA abolishment

Martin Richmond
clock 18 March 2024 • 1 min read
Legal Review: What will cybersecurity look like in 2024?

Legal Review: What will cybersecurity look like in 2024?

Samantha Howell says cyber resilience should be top of scheme agendas

Samantha Howell
clock 18 March 2024 • 4 min read
DWP publishes Social Factors guidance for trustees

DWP publishes Social Factors guidance for trustees

Guidance follows consultation last year on monitoring social risks and opportunities

Jasmine Urquhart
clock 07 March 2024 • 2 min read
Trustpilot