FCA
Best Practice | 5 Oct 20
UK regulator urged to draft rules on pension guidance
Four million people could be missing out on free support ahead of retirement
64% of advisers and wealth managers do not trust FSCS
They believe UK lifeboat scheme is unable to deliver fair outcomes for clients or firms
Slowly shutting the door on pension freedoms?
It is becoming harder and harder to find firms ready, willing and able to provide transfer advice
Over half of full pension withdrawals done without advice
Which puts people at risk of significant income and inheritance tax charges
FCA offers further reprieve from 10% depreciation rules
Initial temporary exemption expired on 30 September