What advisers should look out for in 2020
By Robbie Lawther, 2 Jan 20
Aegon’s Steven Cameron shares his views about what the sector can expect from the FCA in the next year
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Pension interest
Cameron also highlighted several other pension areas of interest for the FCA in the coming year.
“We also expect a further consultation on aspects of non-workplace pensions arising from the FCA’s earlier analysis,” he said.
“This is likely to focus on disclosure and charges but could also take forward the concept of investment pathways for non-advised customers accumulating in non-workplace pensions.”
“The FCA is also working more closely with The Pensions Regulator.
“We can expect to see more on its analysis of the complete pension journey and proposals on a consistent framework across contract and trust-based schemes for assessing value for money.
“One of the successes of independent governance committees has been their ability to tailor value for money assessments to their provider’s client base.
“So, I hope we don’t see too much prescription here.”
