FCA proposes 'pensions dashboard' as part of sweeping changes to retirement income space
Forcing product providers to reveal how their annuity quotes compare with competitors and developing a one-stop pensions 'dashboard' for retirees are two of several changes proposed by the Financial Conduct Authority (FCA) following its wide-ranging review of the retirement income market.
The ‘Pensions Dashboard' would allow consumers to view all their lifetime pension savings in one place, the regulator said. Additionally, it is proposing the introduction of what it called a 'behaviourally-trialled'...
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