Advice on full pension withdrawals on the rise - FCA data

Financial Conduct Authority (FCA) figures, out on 23 February, show the percentage of advised full encashments has grown steadily in the past year. Whereas in Q1 a mere 29% of encashments had been advised on, that proportion had grown to 47% by Q3 of the year.  However, this also means more than half of the transactions, which continue to be the preferred route of access for the majority of pension pots, are made without advice. The FCA said: "Unlike the other product types, that have experienced a decrease in adviser use in the latest period, full withdrawal has seen an increase in a...