Pensions - Articles - ABI comments on FCA Retirement Income report


Responding to the report, Yvonne Braun, ABI’s Director of Long-Term Savings Policy, said:

 "Pension providers are committed to providing customers with clear and meaningful information to help them make the retirement choices that are right for them. The ABI has long recognised that the annuity market did not work well for some customers, which is why our members developed the Retirement Choices Code and annuity window service, that have raised awareness and encouraged customers to shop around for the right annuity deal.

 “With the incoming pension reforms set to revolutionise people’s retirement options, we share the FCA’s aim of ensuring that customers have confidence they are getting the best possible retirement income for their circumstances. We look forward to working with the FCA on the practical implementation of their remedies."

Back to Index


Similar News to this Story

4 ways completing a tax return can help boost your pension
Missing the Self-Assessment deadline not only risks a penalty for late filing but could cost individuals hundreds, if not thousands of pounds in uncla
DWP holds AE thresholds with GBP90bn of pensions expected
The DWP has issued its review of the Automatic Enrolment Earnings Trigger and Qualifying Earnings Band for 2025/26, retaining all three thresholds at
Response to Triple Lock means testing comments
Aegon has called for ‘a future focused debate on a sustainable state pension’ following comments on the Triple Lock by Conservative leader Kemi Badeno

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.