The number of pension pots accessed to take advantage of the April freedoms fell in the final quarter of 2015 according to the Financial Conduct Authority (FCA).
Between October and December last year, 127,094 pots were accessed for the first time, falling 36% from 197,443 in the previous quarter. The watchdog has seen a gradual decline in the number of pots assessed...
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MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.