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Intervention 4: Making the retirement risk warnings fit for purpose

Recommendation

 

Owner

4.1

Industry to share examples of scenarios of customer case studies where the risk warnings are not having the desired effect 

ABI

4.2

Explore alternatives to the risk warnings, including identifying where there could be carve-outs or where the warnings could be made more robust, depending on the issue or amount of money involved 

ABI & FCA

4.3

Government and FCA to keep the advice boundary under review and to help make it easier for providers to help customers make decisions 

FCA, HMG & ABI