Withdrawal behaviours are among the top concerns of a third of pension providers with fears the problem will grow.
Two thirds of providers believe the problem will worsen in the future as more people start to rely solely on a defined contribution (DC) pension.
A new report from the Association of British Insurers (ABI) published today found experts fear unadvised withdrawals mean many could run out of money in retirement.It calls for a change in the regulatory rules for advice and guidance so the majority can access support for pension withdrawals.It said providers are currently limited in how much support they […]
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