FCA tells providers to nudge clients to Pension Wise

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

Julia Bahr
clock • 3 min read
Quilter head of retirement policy Jon Greer
Image:

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...

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 Industry

Buzz: Should the government now set out a timetable for increasing AE contributions?

Buzz: Should the government now set out a timetable for increasing AE contributions?

AE contribution rates, guided retirement and pension risk transfer transactions

Professional Pensions
clock 28 September 2026 • 1 min read
Pensions UK urges government to set out timetable for AE rate rises

Pensions UK urges government to set out timetable for AE rate rises

Trade body says 82% of working-age adults see pension under-saving as a key challenge

Martin Richmond
clock 28 September 2026 • 3 min read
Industry urges HMRC to provide more clarity on NMPA increase

Industry urges HMRC to provide more clarity on NMPA increase

Change to NMPA must protect schemes from ‘unnecessary administrative complexity’

Martin Richmond
clock 28 September 2026 • 7 min read
Trustpilot