Withdrawal behaviours are among the top concerns of a third of pension providers, whilst two thirds fear this concern will only grow in the future as more and more people start to rely solely on a defined contribution pension.
A new report from the Association of British Insurers (ABI), ‘ Future Proofing the Freedoms: Supporting customer decisions about pension withdrawals ‘, published today found pension industry experts fear that many people are withdrawing from their pension without any advice or guidance, meaning that in future many could run out of money in retirement.
A change in the regulatory rules for advice […]
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