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Britain's financial watchdog flags concerns about 'pension freedoms'

Reuters  |  LONDON 

By Simon JessopLONDON (Reuters) - Britain's financial markets watchdog on Wednesday flagged a number of concerns about the way people are using their retirement savings since the introduction of new rules in 2015.In the biggest shake-up of pensions regulation for decades, the so-called 'pension freedoms' allowed savers to access their pension pots early and removed the need to buy an annuity, or income for life.Interim findings by the Financial Conduct Authority (FCA) one year into its Retirement Outcomes Review said it had identified five issues, mostly around the issue of advice and ...

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First Published: Wed, July 12 2017. 13:03 IST
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