Pension firms offer consumers the necessary information to access pension freedoms without financial advice but many people premeditate their choices and do not always read the guidance, the Financial Conduct Authority (FCA) has said.
In the summary of its non-advised drawdown pension sales review the regulator said firms were providing the necessary information to customers in a clear and not misleading way through a number of different...
Just under a quarter (24%) of employees never review their pension which shows a lack of engagement when it comes to retirement is a “real issue”, according to Close Brothers.
The UK pensions landscape has changed; we’re now seeing greater contributions into DC schemes than DB for the first time, prompting a shift from schemes to look beyond traditional asset classes to deliver best outcomes for members.
An individual who moves into self-employment after ten years work will miss out on an additional £115,300 in retirement funds after exiting their occupational pension scheme.
The master trust market now represents 16 million memberships and holds more than £36bn in assets, The Pensions Regulator’s (TPR) final master trust market update reveals.
Professional Pensions has compiled a list charting the progress of master trust authorisation. View our list in full here...