The FCA has announced it will be bringing in new rules to protect pension savers from making poor decisions about their pension funds. But will it work, asks Malcolm Small. With just 10 weeks to go until the new “freedom and choice” agenda for pension savers set out in Budget 2014 arrives, the Financial Conduct Authority (FCA) has written to chief executives of pension providers saying it will shortly make new rules, without consultation, requiring them to act as a “second line of defence” behind the “guidance guarantee”. This latter, it will be recalled, was promised in the budget. Everyone … Read More »
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