Pension drawdown glossary
FCA rules that require regulated firms, including pension and platform providers, to act to deliver good outcomes for retail customers — covering price and value, how well customers understand what they are told, and the support they get.
Source: FCA: Consumer Duty · Last reviewed 24 September 2026
See every term in the A–Z glossary. Definitions are general information for the 2026/27 tax year, not personal advice.
Important: The value of investments can fall as well as rise. You may get back less than you invest. Tax rules can change and benefits depend on individual circumstances. This is not financial advice.