The FSA has written to IFA firms to determine the quality of advice being provided to clients taking income drawdown.
In April, the Government abolished compulsory annuitisation and introduced a new capped and flexible drawdown regime.
The regulator has contacted IFA firms which conduct income drawdown business outlining plans to review the quality of advice being provided and determine whether account is being taken of the rule changes.
Companies have been asked to complete an electronic questionnaire by November 30. The FSA will then decide whether further action is required.
An FSA spokeswoman says: “We have written to firms about income drawdown products following the change of rules in April this year.
“We are now looking to monitor any trends since the new rules were adopted.”