Experts react to FCA plans for default pension investment option

Jenna Brown
clock • 5 min read

The UK regulator wants to introduce a default pension investment option for non-advised savers outside of workplace schemes to boost retirement savings. The Financial Conduct Authority (FCA) said a default investment strategy for personal pension customers would help cut through complexity faced by customers who do not take advice. A consultation paper released on Thursday (25 November) said non-workplace pension customers have to choose their own investments from an increasingly wide range of options. This complexity can make it hard for some customers who do not take advice to choos...

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