Providers may shoulder high costs from stronger nudge

Aegon said the proposals could lead to customer confusion and additional costs for providers

Holly Roach
clock • 3 min read
The proposals are based on a requirement in the Pension Schemes Act 2021
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The proposals are based on a requirement in the Pension Schemes Act 2021

‘Stronger nudge’ proposals for pensions guidance from the Department for Work and Pensions (DWP) and the Financial Conduct Authority (FCA) are “potentially problematic”, according to Aegon.

The DWP is currently consulting on introducing a stronger nudge to guidance for trust-based scheme members while the FCA consulted on the same topic earlier this year for members of contract-based schemes....

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