The government expects some people to "make the wrong choices" and receive a worse outcome than under the existing system when changes designed to give retirees the power to do as they wish with their savings are rolled out in the spring, pensions minister Steve Webb has warned.
It is to be expected that mistakes will happen under the new freedoms, Webb told delegates at a conference on 17 November. But he said this would not disprove the value of the reforms announced by the...
And other investors
Consultation closes on 30 October
Sent to retirement savers at age 50
Expanding the 'regulatory perimeter'
Defined contribution (DC) drawdown providers will have to offer non-advised consumers investment pathways from August 2020, the Financial Conduct Authority (FCA) has said.
Lost to Labour's Mick Whitley
Landslide win for Tories