Source · Select Committees · Work and Pensions Committee
Recommendation 10
10
Paragraph: 105
Bring forward plans to bring investment consultants within the FCA regulatory perimeter.
Recommendation
We heard, including from the FCA itself, that in some cases investment consultants were giving standardised advice, rather than thinking through what was best for the individual pension fund. Given the complexity of the decisions trustees are required to make, this is a concern. The Government should bring forward plans for investment consultants to be brought within the FCA’s regulatory perimeter before the end of this Parliament.
Paragraph Reference:
105
Government Response
A response document is linked to this report, dated 20 November 2023. Response attribution to this recommendation has not been verified. Read the response document ↗