27 February 2025
The PLSA has submitted a response to FCA Discussion Paper 24/3, which explores how regulatory requirements should evolve to reflect the changing pensions landscape. As the industry moves further towards DC schemes, saver engagement and responsibility are increasing, making clear and effective regulation crucial.
In this response, we make clear our support for improving pension tools and modellers, enhancing transparency in transfers and consolidation, and ensuring high-quality standards for Self-Invested Personal Pensions (SIPPs). However, we emphasize that adequacy remains the greatest challenge in DC pensions, and the Government and Regulators should prioritize systemic solutions—like the continued evolution of Automatic Enrolment—over placing the burden on individual savers.