FCA to make rules on pension schemes

New regulations made under the Financial Guidance and Claims Act 2018 (Act) mean that certain provisions of the Act relating to requirements to refer individuals to pensions guidance will come into force on 5 July 2021. These are changes to Section 137FB FSMA 2000 which mean that the FCA must make general rules requiring the trustees or managers of personal or occupational pension schemes to refer members to appropriate pensions guidance.