Regulation and Policing

In this section we look at how the pensions industry is regulated and who regulates it. We outline the roles of the regulatory organisations TPR (the Pensions Regulator), the FCA (Financial Conduct Authority), and the PRA (Prudential Regulation Authority) and look at how financial advice should be given. 

1. References

This section relates to Regulation and Policing of Pensions Schemes and can be found in the relevant pages of the Retirement Provision Certificate Study Manual 2023

2.Think about it

Independent advice

Imagine you are a financial adviser. Think about what information you may need from your customer in order to provide 'independent advice'. Make a notes to structure your revision practice.

3. Fact Finding

Statutory Sick Pay

Let's find out exactly what Statutory Sick Pay (SSP) entails, so that when you consider disability benefits you are aware of the basic entitlements.

STEP 1 - Visit TPR's website using the logo link below: 

STEP 2  On the tab marked 'Our approach to regulating'. What are the three key powers listed here? 


4. Test

You can now check your knowledge by a short test.  Once completed then check your answers against those given.

Regulation and Policing Test

Regulation and Policing Test Answers