FCA tells providers to nudge clients to Pension Wise

Strong nudge will apply to both advised and non-advised savers

clock • 3 min read
Quilter head of retirement policy Jon Greer
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Quilter head of retirement policy Jon Greer

The Financial Conduct Authority (FCA) has announced final rules requiring providers to implement the "stronger nudge" to Pension Wise guidance when customers access their retirement pot.

From 1 June 2022 pension providers will have to give customers - both advised and non-advised - a stronger nudge to Pension Wise when they decide to access their savings. Aegon pensions director...

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