FCA warns of 'detriment' from unrestricted pensions access

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The Financial Conduct Authority (FCA) has raised concern over the potential risk to savers who access their full pension pots at retirement following changes announced in the Budget 2014.

From April 2015, the government plans to allow anyone over the age of 55 to take their entire pensions pot as cash, subject to their marginal rate of income tax that year. The FCA's Risk Outlook...

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