Pensions

(asked on 25th November 2014) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will discuss with the Financial Conduct Authority ways of ensuring that people with personal pensions becoming payable from April 2015 are aware of the potential drawbacks as well as advantages of transferring their pensions.


Answered by
David Gauke Portrait
David Gauke
This question was answered on 1st December 2014

Under the Financial Conduct Authority’s (FCA) consumer protection remit, it has already responsibility for ensuring that regulated firms treat their customers fairly and communicate in a way that is clear, fair, and not misleading. The FCA also has powers to take action against firms which engage in unauthorised business.

Reticulating Splines