Industry warns of 'dire' pensions landscape as FCA publishes market data

Industry warns of ‘bleak future’ as FCA unveils 2022/23 retirement income market data

Holly Roach
clock • 6 min read
Industry warns of 'dire' pensions landscape as FCA publishes market data

The Financial Conduct Authority (FCA) has published its retirement income market data for 2022/23, raising vast concern among experts about the state of the sector.

The watchdog's analysis looked at the volume of pension pots accessed, defined benefit (DB) and defined contribution (DC) transfer levels, the use of Pension Wise guidance, as well as the amount of...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

News Digest: Calstrs reveals problems calculating carbon footprint of its $331bn (£264bn) portfolio

News Digest: Calstrs reveals problems calculating carbon footprint of its $331bn (£264bn) portfolio

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 29 April 2024 • 1 min read
WSB Awards 2024 - One week left to register!

WSB Awards 2024 - One week left to register!

The 12th anniversary WSB Awards will be presented in London on 5 September

Workplace Savings and Benefits
clock 26 April 2024 • 2 min read
Good News Corner: Barnett Waddingham colleague raises nearly £3,000 for NSPCC

Good News Corner: Barnett Waddingham colleague raises nearly £3,000 for NSPCC

Rachel Pegrum completed the London Marathon on Sunday, running for the NSPCC

Professional Pensions
clock 26 April 2024 • 1 min read
Trustpilot