The Financial Conduct Authority (FCA) is concerned about how pension freedoms are impacting consumers and quite rightly so, especially with regards to those accessing their retirement savings and not taking advice, putting them at risk of running out of money, or worse, being scammed.
The Government’s consultation on the proposed Pensions Dashboard has concluded and the report, published yesterday, pledged primary legislation to make it a reality.
A new report into the BSPS debacle has heavily criticised regulators including the FCA and TPR.
The Single Financial Guidance Body (SFGB) began its work this week as it starts to take over from previous bodies.