In focus

Pension reforms: feedback on CP15/30 and final rules and guidance

In this Policy Statement we report on the main issues arising from Consultation Paper 15/30 (Pension reforms – proposed changes to our rules and guidance) and publish the final rules and guidance.

Retirement income market data

This supplement provides market data on retirement income from October to December 2015.

Complaints data

We publish complaints data on individual firms and aggregate figures for the industry.

Consultation Paper: Capping early exit pension charges

On 19 January 2016 the Chancellor announced that the Government would introduce legislation to place a new duty on the FCA to cap early exit charges in certain pension contracts. This Consultation Paper sets out our proposals on the application and level of a cap – and the changes to our Handbook rules – that we believe are required to discharge the duty being placed upon us.

CP16/15: Capping early exit pension charges

Secondary annuity market – proposed rules and guidance

In April 2015 the Government introduced new pension freedoms extending choices for individuals accessing their pension savings. In March 2015 the Government announced that it was consulting on extending similar freedoms to those who already had an annuity in payment. This Consultation Paper seeks views on our proposed new rules and guidance for the secondary annuity market, which is due to start in April 2017.

CP16/12: Secondary annuity market – proposed rules and guidance