FCA: More than twice as many retirement pots moved into drawdown than annuities
Two-thirds of drawdown customers seek advice
The number of annuities purchased fell by more than a fifth while the drawdown market grew 4% in the six months to March, latest data from the Financial Conduct Authority (FCA) has shown.
The FCA's latest data bulletin out on Friday showed the number of annuities purchased fell 21% in the six months between October 2016 and March 2017, while the drawdown market continued to grow. This...
More on Regulation
Six financial firms declared in default by FSCS in August
Including advice firm Chadkirk WM
FCA to hold UK-wide DB workshops this autumn
More dates to be announced
Chris Davies: What is 'regtech' and how it can help your compliance?
Subset of fintech
Treasury Committee seeks regulation of 'Wild West' cryptocurrencies
Risk to retail investors
FCA closes long-term 'fair treatment' investigation of life companies
Following 2016 thematic review
More news
In the Know: Diamonds in the (Bo)rough
Taking the time to look
Three graduates kick off financial planning career with Bury firm
After 14-month FAS programme
Third of over-55s spend longer picking a car than planning retirement
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.
Quilter's advice school rebrands and begins level 6 Chartered course
Rebranded from OMW
Hargreaves Lansdown to make first switch to sub-advised mandates on MM range
Number of benefits