Media comment: FCA pensions guidance report

Thursday 14th July 2016

Commenting on the launch of today’s report by the FCA on signposting to pensions guidance, Jackie Spencer, pensions expert at the Money Advice Service, said:

“We welcome the launch of today’s report by the FCA. Ensuring that consumers are able to make informed decisions about their pension provision is incredibly important to ensuring their financial security into their retirement. By signposting people to appropriate pensions guidance or regulated financial advice, consumers are more likely to be equipped to fully engage with pension products and make informed decisions about the provision they’ll need for their retirement. The Money Advice Service’s guide Your Pension: It’s time to choose signposts people to guidance provided by Pensions Wise and includes a chapter on how to spot pension scams. We encourage firms to use this guide to direct people towards appropriate pensions guidance.