FCA consults further on pensions dashboard services

The FCA has published a further consultation ahead of the introduction of operating a pensions dashboard service as a new regulated activity. It has published new guidance that will be in PERG for relevant firms and is also proposing a couple of changes to the rules it has already consulted on.  The PERG guidance will help firms to understand when they need permission for the new activity, and the two changes focus on what FCA will require firms to present to consumers by way of choices and information, and around data export.

Consultation closes on 8 May, and the FCA plans to publish all policy statements and final rules and guidance during Q4 2024.

Emma Radmore