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...
'Not appropriate to comment'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.
John Wotton says the competition watchdog's package of proposals will help trustees get the best deal and be satisfied they are acting in their members' best interests