Exploring the FCA's non-workplace pension cash warning contradiction

Unadvised clients could seek advice after getting cash warning

clock • 5 min read

Caitlin Southall takes an in-depth look at the FCA's non-workplace pension cash warning strategy...

With the sheer volume of changes and proposed changes around pensions at the moment, it would be understandable if the upcoming implementation of Policy Statement PS22/15 would be missed. This policy statement relates to improving outcomes in non-workplace pensions (NWP) and is the culmination of the Financial Conduct Authority's (FCA) extensive investigations into the NWP market. These investigations identified a lack of a competitive market driven by low consumer engagement due in the most part to ‘complex and confusing products and charges'. The policy statement was published on 1 ...

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 Pensions

Pension transfers: Transparency vital in push to raise standards

Pension transfers: Transparency vital in push to raise standards

A glass half full for pension transfers?

Anthony Rafferty
clock 28 February 2025 • 3 min read
Average pension transfer times dipped during 2024 while values grew

Average pension transfer times dipped during 2024 while values grew

Origo data suggests overall pension transfer times took 12.3 days to complete last year

Martin Richmond
clock 25 February 2025 • 2 min read
WBR Group acquires £403m SSAS book from Standard Life

WBR Group acquires £403m SSAS book from Standard Life

Administered SL's SSAS book for more than 20 years

Jenna Brown
clock 13 February 2025 • 1 min read