Research found just one in three pensions accessed were done so after receiving advice
Over 300 IFA firms will be affected with compensation owed to over 1,000 members
Change in policy will ensure that regulators retain their independence from government
TPR, FCA and Maps say members are at ‘increased risk’ amid economic uncertainty
‘Small number’ of firms are not including all fees and charges
Watchdog says ‘more active regulation’ would increase focus on resilience and stress testing
Statement confirms when FCA-regulated pension providers must provide data to Maps
The group will meet monthly with draft proposals expected by mid-2023
ScamSmart providers knowledge and tools to avoid pension scams