The Financial Conduct Authority (FCA) has said it "suspects" de-facto default funds are operating in the non-workplace pension market where consumers have less protections than the workplace market.
In its consultation paper on the non-workplace pension market, the FCA said default funds, which are popular in workplace schemes, were subject to regulations and protections for consumers that default...
Javid's first fiscal announcement
'Misunderstood our profession'
Newly created role
No direct replacement planned
Could be delayed by general election