Article preview: New rules have been proposed by the Financial Conduct Authority (FCA) that would lead to everyone taking money from their pension pot being ‘nudged’ towards guidance service Pension Wise. The proposals would ensure that consumers benefit from the free guidance service before accessing money in their defined contribution pension pot. As part of the proposals, pension providers would be required to direct their customers towards the guidance services, booking an appointment with Pension Wise if the consumer wanted one.
Pension providers will book your Pension Wise appointment
This 403-word blog post looks at new proposals from the Financial Conduct Authority (FCA) that could place a responsibility on pension providers to direct customers to the Pension Wise guidance service and even book an appointment on their behalf. Written on 5th May 2021.
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