The proportion of consumers using advisers before making a full withdrawal from their pension has fallen, latest FCA data shows.
While more than two thirds of consumers continue to use advisers for drawdown, the data shows a fall in adviser use among consumers making full withdrawals from their pension from 44 per cent between April and September 2016 to 38 per cent between October 2016 and April 2017.
69 per cent of customers going into drawdown used an adviser, the same proportion as the previous two six-month reporting periods.The data bulletin says: “The percentage of drawdown accessed by existing customers of […]
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