The regulator has raised concerns about shrinking competition in the retirement income market post-pension freedoms, warning the problem could get worse still.
The Financial Conduct Authority (FCA) said in its Sector View paper out on 18 April the lines between pension accumulation and decumulation had become increasingly blurred, which posed a challenge for...
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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£116.8m of benefits received by customers