Providers offer suitable drawdown info but people don't consider options - FCA

In the summary of its non-advised drawdown pension sales review the regulator said firms were providing the necessary information to customers in a clear and not misleading way through a number of different mediums - written, oral and online - to help them make informed decisions. It found, however, that many people appear pre-emptively to make the decision to enter drawdown before contacting their providers and, as such, are not open to exploring all the options available to them, which includes shopping around for other decumulation options. The Financial Conduct Authority (FCA) als...