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...
Ceremony will take place 13 November
300 organisations signed charter
Tough year for the sector
Targeting annual yield of 4%