Simpler wake-up packs 'failing' to encourage savers to take up guidance

Holly Roach
clock • 2 min read

Simpler retirement ‘wake-up packs’ are not encouraging pension savers to take up free guidance, according to the Financial Conduct Authority (FCA).

The FCA said the wake-up packs - introduced last year - have so far "failed to have a positive effect", with data showing the number of savers seeking advice or free and impartial guidance when tak...

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