Investment Watch: Matt Morris's verdicts on recent developments

Things Change Latest figures from the Financial Conduct Authority show fewer savers are turning to an adviser before fully cashing out their pension. Between April and September 2017, just 32% of full withdrawals were advised, down from 44% the previous year, with the decline in advice attributed overwhelmingly to cash-outs for pots under £30,000. Annuity sales to existing customers also fell another seven percentage points last year with just 53% of total annuity purchases, approximately 19,000 plans, made by existing customers between April and September 2017. The proportion of annuity ...