Financial advisers, wealth managers and platforms will be included in the Financial Conduct Authority’s wide-ranging Investment Platforms Market Study announced today.

The Financial Conduct Authority has identified a number of pension areas where ‘intervention’ may be necessary following the introduction of the pension freedoms in April 2015.

The FCA is planning to update the methodology used to calculate redress owed to consumers given unsuitable advice to transfer out of a defined benefit pension scheme.

The FCA is to require annuity providers to inform clients how much they could gain from shopping around and switching provider before they purchase an annuity under plans announced today.