For employees and pension scheme members
‘Market practice has moved on from when we made the rules’
Grew by £46bn as MPS ‘remains the investment solution of choice’
Part of a fleet of regulatory updates published this week
Move would help consumers compare ‘more easily’
‘It shouldn’t be possible for responsibility to slip between the cracks’
In response to industry calls for a more flexible regime
NatWest and Lloyds Banking Group reportedly among firms considering offers
‘Cash-like’ product could face 20% charge