FSA includes GPPs in consumer protection rules

The regulator proposed last year to include GPP advice within its consumer protection rules. In today's handbook update, the FSA has confirmed people who are automatically enrolled into a GPP will be entitled to the same protection from poor advice as those who are part of a workplace pension scheme from 1 October 2012. Earlier rules said advisers must consider arrangements within existing workplace schemes before recommending alternatives, but this requirement did not cover GPPs. The update comes as firms prepare for auto-enrolment, due to begin in 2012. This revision of the ru...