Coronavirus (Covid-19)

Pensions and Retirement income: our guidance for firms

Communicating certain pension information

Latest FCA updates on coronavirus

In focus

Defined benefit transfer advice

We set out our next steps to improve the market and support customers.

Transition from LIBOR

The interest rate benchmark LIBOR is expected to cease after end-2021. Firms must transition to alternative rates before this date.

Pensions and retirement income overview

Our infographic explains some of the key statistics on pensions income

Our research and reviews

Defined Benefit (DB) transfers – further update on our work

We set out further findings from our assessment of the suitability of Defined Benefit transfer advice.

Pension lifestyle investment strategies: our findings

Findings from our review of life insurance companies’ pension lifestyle investment strategies.

Assessing Suitability Review

This report sets out the findings from our review into the market for pensions and investment advice.

Review of annuity sales practices: TR16/7

This review assesses how firms provided information to customers, on a non-advised basis, about shopping around for enhanced annuities.

Retirement outcomes review

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.

Latest news for life insurers and pension providers

GC20/1: Advising on pension transfers

We are consulting on guidance on what we expect from firms when advising on pension transfers and conversions, particularly from defined benefit schemes to defined contribution schemes. 

PS20/6 Pension transfer advice: feedback on CP19/25 and our final rules and guidance

Our rules include reducing the conflicts of interest created by current charging structures and enabling firms to give high quality advice, creating a more sustainable market for the long term. 

PS18/20: Improving the quality of pension transfer advice

These rules set out how advice should be provided to consumers on pension transfers where consumers are considering giving up safeguarded benefits.

PS18/6: Advising on Pension Transfers

Rules and guidance aimed at providing advisers with a framework which better enables them to give good quality advice so that consumers make better informed decisions.