How FSA consultancy charging rules will affect employers

Auto-enrolment and an increased focus on costs, governance, communications and default fund selection are rapidly changing the market for group personal pensions. Yet the introduction of Financial Services Authority (FSA) rules on consultancy charging – rules which are still not universally understood – could also have a huge impact on firms providing pensions to their workforce. The regulator’s consultancy charging rules, which will come as part of its Retail Distribution Review (RDR), aim to ensure that consumers are offered a transparent and fair charging system for the advice they...