Alarm at FCA pensions data showing 48% of pots accessed with no advice

clock • 2 min read

Data gathered by the Financial Conduct Authority (FCA) show almost half (48%) of all pension plans are bring accessed without regulated advice or guidance being sought by the plan holder.  The FCA report, issued today, shows that just 37% of plans were accessed by plan holders who took regulated advice, while 5% by plan holders who did not take advice but received Pension Wise guidance.  There is also concern within the industry at the rate with which pension pots are fully withdrawn in...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.

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