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6th October 2017
The Financial Conduct Authority (FCA) is the regulator for over 50,000 financial services firms and UK financial markets. They closely monitor the marketplace to ensure there is adequate protection for consumers.
An area of particular interest is pensions and the FCA has undertaken a review and produced an interim report on retirement outcomes. This follows the implementation of significant rule changes introduced two years ago, which allow individuals to be able to access their defined contribution pension savings however they wish.
The regulator has raised concerns over the following issues:
As a firm of independent financial advisers, Armstrong Watson Financial Planning actively follow regulatory developments and commentary and participate in providing feedback on the areas where we actively offer financial advice and have put forward our views based upon our own experiences. We welcome the review the regulator is undertaking and seeking feedback upon and look forward to reading the final report which they plan to publish in the first half of 2018.
Pensions and retirement planning is an area which we write about regularly in our blog pages, which you can visit here: http://www.armstrongwatsonfp.co.uk/blog/pensions-and-retirement. You can also view our essential guide to the pension freedoms here or pick up a copy from one of our offices.
If you require any advice on your retirement options, please contact our Financial Planning Consultants who are both authorised and regulated to provide financial advice. Our team can be contacted on 0808 144 5575 and at any of our office locations across the North of England or South Scotland.
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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson Accountants, Business & Financial Advisers is a trading style of Armstrong Watson LLP. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.
Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales No. 8800970. Registered office: 15 Victoria Place, Carlisle, CA1 1EW
Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales No. 7208672. Armstrong Watson Financial Planning & Wealth Management is a trading name of Armstrong Watson Financial Planning Limited. Registered Office: 15 Victoria Place, Carlisle, CA1 1EW
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