The Financial Conduct Authority (FCA) has published final rules on additional protection for consumers wishing to access their pensions from April.
The rules issued on 27 February will require pension providers to give customers additional warnings tailored to them, which is also known as the second line of defence. The requirements will be introduced...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter