FCA admits blunder on cash out figures

clock • 1 min read

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.

The Retirement income market data report published on 7 January 2016 originally stated that 68% of new customers had fully cashed out their pensions between July and September 2015. However, thi...

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