FSA statement on RU64 rule
25 May 2006
The FSA Board decided today to delay its decision on the future of the RU64 rule, on which the FSA consulted last year.
This follows publication of the Government's White Paper on pension reform, which states that transitional arrangements for the new pension scheme will be announced later this year.
In light of this uncertainty the Board felt it would be sensible to delay the decision on the future of the RU 64 rule until the position is clearer. The Board will then consider what, if any, regulatory intervention will be necessary during the transition period.