PS18/6 – Rules that come into force on 6^th April 2019:

• AIR for pensions linked to CPI, the AIR will be RPI plus 1%
• RPI will be 3%
• Average earnings index will be 3.5%

CP18/7 – improving the quality of pension transfer advice, but at the moment it is just a consultation paper

• amend the pension transfer specialist (PTS) qualification and the exam qualification standards;
• amend the definition of a pension transfer;
• introduce guidance on assessing a client’s attitude to transfer risk; and
• introduce rules requiring firms to provide suitability reports when the recommendation is not to transfer.