The regulator is to delay implementation of rules around communication of pension product and price information to give firms sufficient time to make system changes.
In its final rules and guidance document, PS16/12, the Financial Conduct Authority (FCA) said it will delay implementation of rules around communicating product information and self-invested personal pension (SIPP) pricing from October 2016 to April 2017. The paper, released today, outlined the results of the regulator's consultation paper 15/30, released in October last year, and published its final rules and guidance around pension freedom. The regulator proposed several questions around communications with clients in the original consultation and has upheld them all. However, it h...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
