Many industry pensions experts have given a cautious welcome to the FCA Retirement Outcomes Review but some have voiced concerns about aspects of the proposed changes, especially how investment pathways will work.

PIMFA has defended contingent charging in a robust response to the FCA’s consultation on improving the quality of pension transfer advice.

The financial services sector has welcomed a radical shake-up of the way the Financial Services Compensation Scheme (FSCS) is to be funded.