Too much information can leave retirees overwhelmed and reluctant to make decisions. Andrew Tully wants the industry to get to the point
April is just around the corner, and the pension freedoms will finally be here. For those reaching retirement after April, as well as those who delayed their decision after the Chancellor's announcement last year, there will be more choice over what to do with retirement savings. But, does more choice mean people will have to take more complex decisions? To make the best choices, people need to start with the right information. The Financial Conduct Authority's (FCA) recent study into the retirement income market asked a series of questions about the information available to help c...
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