Warning providers' maximum pension projection rates too high
The Financial Conduct Authority (FCA) has said it is concerned providers' projections of what pension savers can expect to receive in retirement if they buy certain products are too high, and it wants to standardise the process.
In a wide-reaching consultation paper, the regulator said life companies are currently creating inconsistency for consumers, and firms using higher projections may be able to gain an unfair competitive...
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Is mediation set to become the new normal for pension disputes?
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.
