Improving retirement outcomes
08 Apr 2019
Following the introduction of Pension Freedoms in the UK, the Financial Conduct Authority (FCA) launched their Retirement Outcomes Review. The purpose of the Review is to investigate retiree decisions upon entering retirement, and their outcomes so far, in the new pensions landscape. The Review has involved the gathering of data on the choices made by retirees in accessing their pension pots and the FCA has used this information to guide their regulatory agenda. One area where they have focussed their attention is on those who access their pots without professional advice.
The latest guidance on 24th of January 2019 has taken the form of a policy statement (PS19/1) which outlines requirements that pension providers will need to put in place over the next year and a consultation paper (CP19/5) which looks at some further proposals.
Read our full article, which breaks down the review and outlines what providers will need to do over the next year.