In focus

Consultation Paper: Capping early exit pension charges

In January 2016 the Chancellor announced 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.

Consultation Paper: Secondary annuity market

In March 2015 the government announced that it was consulting on extending new pension 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, due to start in April 2017.

Retirement income market data

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

Our research and reviews

Retirement outcomes review: terms of reference

This review assesses the impact of pension reforms on competition in the retirement income market by looking at how firms and consumers have responded to the new freedoms.

Signposting to pensions guidance: our findings

Since April 2015, consumers have had greater choice around how they access their Defined Contribution pension savings. Our findings highlight the importance of consumers understanding the consequences of the decisions they make.

Annuity comparator: our research

Find out more about our research into the implementation and effects of the proposed ‘annuity comparator’.

Latest news for pension providers

FCA statement on redress methodology for pension transfers

From autumn 2016, we intend to consult on updating the methodology used to calculate the levels of redress due in cases of unsuitable advice on transfers from defined benefit occupational pension schemes to personal pensions.

Update on our work around pensions and retirement income

Pensions and retirement income is a priority sector for us. Read more about our policy work and market monitoring in this area.

PS16/12: 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.