Property News · July 12, 2017

FCA warns it may intervene as millions take pension cash early


Report by regulator flags up widespread withdrawal under pension freedoms, as TUC says millions could face financial insecurity The TUC has warned that millions of workers risk being “plunged into insecurity in old age” after an official report revealed a surge of people grabbing their pension cash early without taking advice.More than two years after the government brought in a range of pension freedoms, the Financial Conduct Authority concluded that accessing pension pots early had become “the new norm”. The regulator warned that early intervention may be needed to ensure this multibillion-pound market worked well. Continue reading…

Source : theguardian.com
Read more…FCA warns it may intervene as millions take pension cash early

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