Coronavirus (Covid-19)

Pensions and Retirement income: our guidance for firms

Communicating certain pension information

Latest FCA updates on coronavirus

In focus

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

Retirement Income Market Data

Trends in the retirement income market – October to March 2018

Our research and reviews

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.

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.

Latest news for life insurers and pension providers

CP17/33: Insurance Distribution Directive implementation – Consultation Paper 3

We have published the third of our consultation papers on the Insurance Distribution Directive (IDD). IDD is a minimum harmonising EU directive which replaces the Insurance Mediation Directive from February 2018.

Pension scheme operators are at risk from smarter scams

This alert highlights some of the risks arising from authorised firms failing to carry out appropriate due diligence on investment offerings.

Advising on pension transfers – our expectations

This alert highlights our requirements when you provide advice on pension transfers, including advice in particular circumstances.

Pension providers making good progress on reducing fees and charges

Pension providers have made significant progress towards meeting the recommendations of the Independent Project Board (IPB), to reduce cost and charges.

FCA publishes finalised guidance for the fair-treatment of closed-book customers

We want to ensure that closed-book customers, who have life insurance products that are closed to new business, are treated fairly and do not receive less attention than customers who have recently taken out a new product.