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Part of Pension Schemes Bill – in the House of Lords at 3:45 pm on 27th January 2015.

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Photo of Lord German Lord German Liberal Democrat 3:45 pm, 27th January 2015

I also support the letter from the FCA. It is very welcome. The bottom of the first page of the letter says, in absolute terms, that,

“the FCA has also decided to bring the ABI retirement code into our rules”.

Would the noble Lord agree that that is very welcome, given that the ABI retirement code lays out in great detail the journey through which the customer will travel? The letter makes very clear that that will happen.