Lack of shopping around for both drawdown and annuity products is firmly entrenched in the retirement income market, according to analysis of FCA data by provider Retirement Advantage.
The latest Financial Conduct Authority (FCA) bulletin revealed more than half (58%) of drawdown customers used their existing provider, while 57% of annuity purchases were made by existing customers. These...
Taking the time to look
After 14-month FAS programme
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.
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