Pension Wise standards: changes for secondary annuity markets guidance

The LITRG welcomes the opportunity to comment on the Financial Conduct Authority's proposals to strengthen the standards for Pension Wise advisers in the face of the inclusion of secondary annuity markets within their role, however we believe the proposed standards set an unachievable target for those currently recruited to deliver pensions guidance under Pension Wise face-to-face. In order to adhere to these standards, it would be necessary for them to undergo extensive professional training and demonstrate their competence by examination.