FCA publishes final rules on pension reforms

The FCA published today a Policy Statement to report on the main issues arising from Consultation Paper 15/30 (Pension reforms – proposed changes to our rules and guidance) and issued the final rules and guidance.

In October 2015 the FCA published Consultation Paper 15/30: Pension reforms – proposed changes to our rules and guidance (CP15/30). This followed a thorough review of our regulatory requirements in light of the Government’s pension reforms.

This Policy Statement summarises the responses the FCA received to CP15/30 and publishes final rules and guidance on the areas where the FCA proposed changes to the Handbook. The regulator also gives an update on the areas where we invited discussion and set out the FCA’s next steps.

The full FCA statement together with the Policy Statement and related information is available here.

Lavanya Rathnam

Lavanya Rathnam is an experienced technology, finance, and compliance writer. She combines her keen understanding of regulatory frameworks and industry best practices with exemplary writing skills to communicate complex concepts of Governance, Risk, and Compliance (GRC) in clear and accessible language. Lavanya specializes in creating informative and engaging content that educates and empowers readers to make informed decisions. She also works with different companies in the Web 3.0, blockchain, fintech, and EV industries to assess their products’ compliance with evolving regulations and standards.

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