UK - Mis-selling fears are preventing stakeholder providers from offering a suite of simplified products, market feedback shows.
In response to the FSA’s discussion paper – Reforming Polarisation: Making the Market Work for Consumers – providers also said they were reluctant to offer a stakeholder product suite unless they could earn “reasonable” return on capital.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.