By Irene Madongo (April 7, 2022, 6:19 p.m. BST) – The finance watchdog’s plan to have online retirement portals in place by mid-2023 means providers could struggle with the implementation schedule, a representative body of pension advisors and services providers warned Thursday.
The Society of Pension Professionals has urged the Financial Conduct Authority to be flexible on the implementation date, saying June 30, 2023 is “extremely ambitious”.
He added that the proposals “only allow smaller providers to request a later implementation date.”
The body challenged the plans in its response to an FCA consultation on digital records, known as dashboards, which are being introduced to help members save for retirement…
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