Regulatory discord causing confusion

Industry insiders are increasingly vexed that the Pensions Regulator and the FCA aren’t working in concert. Not only are both regulators late to the party on freedom and choice, but what they are saying is opposed, says The People’s Pension’s Darren Philp. Whilst the FCA is saying providers must give risk warnings and ask detailed questions of members as part of the second line of defence, TPR is advising pension schemes to give limited assistance on the grounds that these measures could be construed as guidance…