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

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

L&G targets 10% job cuts to tackle 'complex' structure

L&G targets 10% job cuts to tackle 'complex' structure

Firm says job cuts represent 'the next stage' of its transformation

Cristian Angeloni
clock 23 September 2026 • 1 min read
Most SMEs feel unequipped to support employees' retirement outcomes

Most SMEs feel unequipped to support employees' retirement outcomes

But half of SMEs see outcomes as an employer’s responsibility

Alex Levy
clock 23 September 2026 • 1 min read
News Digest: Budget pensions tax relief changes; Capita reports CSPS new claim uptick

News Digest: Budget pensions tax relief changes; Capita reports CSPS new claim uptick

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

Professional Pensions
clock 23 September 2026 • 1 min read
Trustpilot