The Pensions and Lifetime Savings Association has written to the FCA with its views on the scope and shape of the regulator’s forthcoming Retirement Outcomes Review. The Association has suggested that the following issues are considered in shaping and scoping the review:

• focus on good outcomes for most, not ideal outcomes for all and reflect on the long term impact of decisions;
• do not limit the review to outcomes related to product sales and advice;
• consider what consumer behaviour may arise from any new interventions, good and bad;
• do not close the door on new ways of helping savers reach good outcomes that do not require full regulated advice;
• consider the role that trustees can play in helping steer savers towards good outcomes;
• ensure that developments in the whole pension sector, not just that regulated by the FCA, is considered in the review;
• engage with a wide range of stakeholders.