Many consumers are not well-informed on decisions they make about their income in retirement and are baffled by many aspects of the process, according to a report by the Financial Conduct Authority (FCA).
The report Understanding the financial lives of UK adults pointed to some alarming data on how uninformed and baffling many consumers find pensions. It found 3% of all UK adults did not know if they...
Compared to 6% of 55-64 years olds
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