The Financial Conduct Authority (FCA) should focus on plugging the support gap for those moving into retirement, Aegon pensions director Steven Cameron says.
The regulator's retirement income market data released on 16 April "shows just how critical it is" that the advice/guidance boundary review focusses on plugging the support gap for those moving into retirement, Cameron tells Professional Adviser. "Here arguably more than anywhere else, individuals need support and while that would ideally be full holistic advice, a wider range of support solutions could benefit millions." The regulator's retirement data revealed that in the 12 months to Q1 2023, 739,535 pension pots were accessed for the first time, up 5% from the previous year. Ca...
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