“Address concerns over high charges” – Which? response to FCA retirement income review intentions.
Which? executive director Richard Lloyd said:
“The Financial Conduct Authority is right to review the retirement income market. Last year’s radical pension reforms and the complexity of financial decision making in retirement make it critical that the regulator does all it can to ensure this market works well for consumers. The FCA should address concerns over high charges and ensure consumers can access a variety of options that offer good value for money and meet their retirement needs.”