FCA: Retirement 'wake-up' packs must start at 50

The Financial Conduct Authority's (FCA) review of the post-pension freedom retirement landscape found that, while consumers value the changes to how they can access their savings, many were not obtaining value for money. It outlined a range of measures designed to better protect consumers, improve engagement and promote competition within the market. FCA plans drawdown 'investment pathways' to boost outcomes The FCA is proposing that ‘wake-up' packs should be sent to customers from the age of 50 and then every five years until the customer has fully accessed their pension pot.  ...