FCA proposes 'pensions dashboard' as part of sweeping changes to retirement income space

The ‘Pensions Dashboard' would allow consumers to view all their lifetime pension savings in one place, the regulator said. Additionally, it is proposing the introduction of what it called a 'behaviourally-trialled' alternative to the current system of wake-up packs. The recommendations follows a wide-ranging review into whether competition in the retirement income market is working for retirees. Today's findings are outlined in an interim report. The review was prompted by initial work conducted by the FCA in February, which found that the annuities market "was not working well fo...