Comment and Blogs
An independent pension commission is something for which we at AJ Bell have long campaigned.
On 1 November we will see the first big changes come into force as a direct result of the Retirement Outcomes Review (ROR) – the FCA’s big piece of work on the post-pension freedoms world. Although the ROR focuses primarily on non-advised clients there are knock-on effects that will be felt by all clients, and their advisers too.
Before you think you are reading an old article, I am of course referring to the start of the new tax year.
There has been unprecedented change in the pensions industry in recent years and SIPPs have been no exception.
The Financial Conduct Authority (FCA) is concerned about how pension freedoms are impacting consumers and quite rightly so, especially with regards to those accessing their retirement savings and not taking advice, putting them at risk of running out of money, or worse, being scammed.
It was good to see the Guidance Consultation from the FCA on the fair treatment of vulnerable clients that has recently been published.