UK regulator to make providers book Pension Wise meetings for clients

clock • 1 min read
UK regulator to make providers book Pension Wise meetings for clients

New rules will require pension providers to ‘nudge' consumers to Pension Wise for guidance before they access their defined contribution pension savings, the Financial Conduct Authority (FCA) set out in a statement today (4 May). This would include booking an appointment with Pension Wise if the consumer wishes, the FCA said. Currently, pension providers are required to signpost consumers to Pension Wise guidance and encourage them to seek appropriate pension guidance or advice to help ...

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