The Financial Conduct Authority (FCA) Thematic Review into annuities found that many providers are not communicating retirement options adequately to retirees. Helen Morrissey finds that trustees and employers will increasingly be asked to bridge the gap.
Scheme members are receiving confusing messages that prevent them making appropriate retirement planning decisions according to the FCA. According to a thematic review into the annuity market published...
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.