Regulatory Alerts2014-07-21
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CP14/11: Retirement reforms and the Guidance Guarantee
The Financial Conduct Authority proposes principles-based standards for delivery partners to ensure compliance with the new Guidance Guarantee supporting retirement income decisions. This consultation addresses changes to the regulatory framework effective from 6 April 2015, which will alter interactions between firms and consumers with defined contribution pension funds. The Authority seeks feedback on these standards and handbook changes to establish the levy funding the guidance service and finalize rules by late autumn.
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