Providers have said a charge cap on income drawdown, as proposed by Labour leader Ed Miliband, is "unnecessary" and a "solution to a problem that does not even exist".
Investment firm Old Mutual Wealth said putting a cap on how much providers can charge for drawdown products will not achieve Labour's aim to protect people and was "unnecessary" as many providers have...
FCA board to make decision
Savers behaving responsibly
Following FCA letter
Dear CEO letter sent today
Bought BHS for £1
Record outflows in March
Died from motor neurone disease
Andy Thompson departure
What next for UK financial services?