Half of pension pots accessed without advice

Posted by siteadmin on Monday 30th of September 2019

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Half of pension pots accessed without advice


Are the alarm bells ringing on your pension?

According to the latest official figures, nearly half of pension pots were accessed without individuals taking any regulated advice beforehand.

The latest data from the Financial Conduct Authority on the retirement income market revealed that only 15% of pots were accessed by people who received Pension Wise guidance.

According to the FCA’s 2018/19 report, 48% of pension plans were accessed without regulated advice or guidance being taken by t...


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