The regulator is failing to understand the new state of the retirement market and instead seeks to "develop a market that no longer exists", the Later Life Academy (LLA) has warned.
In its response to the Financial Conduct Authority's (FCA) Retirement Outcomes Review, the organisation said it was worried the regulator's focus on just pension income would stifle opportunities for consumers....
Taking the time to look
After 14-month FAS programme
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
Rebranded from OMW
Number of benefits