Jacqui Reid comments on importance of targeted support for trust-based pension schemes

The FCA is currently consulting on proposals to introduce targeted support for pensions as part of the Advice/Guidance Boundary Review. As part of an article in Pensions Age, partner Jacqui Reid comments on how these proposals might apply to trust-based schemes so that trustees have the necessary comfort that allows them to provide targeted support of something equivalent. “However this is done, it will be imperative that trustees remain able to support their members with pensions guidance, without straying into the sphere of regulated advice. Parameters will need to be carefully and clearly drawn as grey areas can encourage a risk-averse approach, which, ultimately constrains the help provided to consumers.”

Read this month’s edition of Pensions Age and head to page 12 to read Jacqui’s comments in full.