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UK pensions dashboard operators must meet financial watchdog’s ‘rigorous’ conduct standards

( December 1, 2022, 11:24 GMT | Official Statement) -- MLex Summary: Pensions dashboard operators in the UK will need to meet “rigorous conduct standards,” under the financial watchdog’s approach to supervising and enforcing the new regime published today. Operators will be able to offer services including investment advice as well as provide models, calculators and other similar tools, the Financial Conduct Authority said. Sarah Pritchard, executive director for markets at the FCA, said “pensions dashboards will give savers better access to their data, helping them make better decisions for their retirement. Our proposals will encourage innovation while ensuring that we have the right rules in place to protect consumers.”Consultation attached. ...

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