FCA

The Financial Conduct Authority (FCA) has admitted it made a mistake when calculating how many people had fully cashed out their pensions to take advantage of the April freedoms.

Almost half of those opting for income drawdown in retirement have done so without seeking advice, new data from the Financial Conduct Authority (FCA) has shown.

Just one in three people accessing their pension pots last summer used them to provide some kind of retirement income, according to figures from the Financial Conduct Authority.

TVA is wrong approach post-pension freedom

2015 was another busy year for the pensions industry. Here's our run down of the key stories.

Financial advice alone will not solve the dilemma of helping savers benefit from the April pension freedoms according to responses to the Treasury's consultation, which urge new waves of thinking

The government has been urged to prioritise simpler guidance, more widespread advice and better retirement products to help people save for retirement.

Pension wise statistics will be updated on a monthly basis by the government according to the Treasury's economic secretary Harriett Baldwin.

The Financial Conduct Authority (FCA) has fined Threadneedle Asset Management more than £6m for having inadequate controls in its fixed income front office.

The Treasury has said it wants to make financial advice mandatory for sales of annuities on the secondary market.