By Damian Fantato A quarter of people who have accessed a defined contribution pension in the past two years do not know how they did so, according to a survey by the Financial Conduct Authority.
The Financial Lives survey, which was based on research involving 13,000 people, assessed the attitudes people have towards the financial services sector.
The research examined behaviour and attitudes towards pensions accumulation and decumulation.It found three in 10 people had bought an annuity in the past two years while one in five had bought into some sort of income drawdown arrangement. One in six took their whole […]
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