Retirement Outcomes Review consultation
Retirement Outcomes Review
Scottish Widows has launched a range four multi-asset funds targeted at those in income drawdown.
Baroness Ros Altmann has attacked the annuity market for failing to inform savers that better annuity rates may be available to them, calling for an investigation.
The pension freedoms have had unintended consequences which should have been foreseen, Michael Johnson has said.
A total of £12.7bn has been withdrawn from pensions since Freedom and Choice was introduced in April 2015, according to latest HM Revenue & Customs (HMRC) statistics.
The Financial Conduct Authority (FCA) has set out how it will collect data on how savers are using pension freedoms, with first reports due in September 2018.
Savers will make the wrong decisions if they are not appropriately guided when seeking to take advantage of the pension freedoms, according to Scottish Widows' Robert Cochran.