The Financial Services Authority (FSA) is to press ahead with its proposed reductions in pension projection rates, despite opposition from providers.
The regulator confirmed it will reduce the intermediate projection rate for tax-advantaged products - like personal pensions - from 7% to 5% and reduce the adjustment for tax-disadvantaged products...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
