MPs accused of 'superficially duplicating' FCA work

'Need detail for robust solution'

Hannah Godfrey
clock • 2 min read

The Work and Pensions Committee has been accused of making inquiries into subjects that the Financial Conduct Authority (FCA) has already thoroughly looked into.

Aegon pensions director Steven Cameron (pictured) said elements of the Committee's latest inquiry into transparency in pensions have already been covered by the FCA. Earlier this month, the Work and Pensions Committee launched an inquiry into whether individuals get value for money for their pension savings and receive good value and an impartial service from financial advisers. Additionally, the inquiry will try to understand what savers are being charged and why, as well as the short and long-term impacts of costs on retirement outcomes. Broadly, it will focus on whether the pension...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Identification remains weakest link in vulnerability assessments

Identification remains weakest link in vulnerability assessments

'Relying on the adviser to spot the signs personally is unquestionably impractical'

Jonathan Barrett
clock 26 November 2024 • 4 min read
Advisers revisit processes after FCA's retirement income review

Advisers revisit processes after FCA's retirement income review

Thematic Review of Retirement Income Advice released in March

Jenna Brown
clock 16 September 2024 • 2 min read
Two firms declared in default by FSCS over pensions advice

Two firms declared in default by FSCS over pensions advice

Both Oakwood Financial Management and GO IFA are no longer trading

Isabel Baxter
clock 11 April 2024 • 1 min read