Consultation on valuing pensions for the advice requirement and new consumer protections
Close date: 7 November 2016
The Government consults on proposed draft regulations that make changes to the legislation governing the advice requirement for pension scheme members. The aim is to simplify the pension valuation process that determines which pension scheme members are required to receive financial advice and introduce risk warnings to pension scheme members with safeguarded benefits that are also flexible benefits.
Consultation document: Consultation on valuing pensions for the advice requirement and introducing new consumer protections