Drawdown providers could be required to give customers charges in pounds and pence following an in-depth review of the retirement market by the Financial Conduct Authority (FCA) revealed complexity makes it hard to compare products.
The regulator's Retirement Outcomes Review, released today, discovered up to 44 charges can be linked to a drawdown product, some of which were "complex and opaque". The review looked at the operation...
Bought plans in 1988 and 1989
To be added to model portfolio service
Launched 25 September