Pensions - Articles - Aegon comment on FCA announcement


 Aegon comments following the Financial Conduct Authority’s announcement regarding their Market Study into Retirement Income.

 With the huge interest in the annuity market right now, it’s not at all surprising that the FCA has decided to follow up its thematic review with a market study. It’s also right for the FCA to look at the wider picture and the range of retirement options customers have. We particularly welcome the forward-looking aspect of the study, looking at changing consumer needs and future engagement opportunities.

 Steven Cameron, Regulatory Strategy Director, Aegon UK said “Aegon’s ambition is to get the UK ready for retirement, so we welcome today’s report on annuities from the Financial Conduct Authority (FCA).

 “We want savers to be well rewarded for taking a positive approach to retirement planning, and this means the whole industry needs to do all it can to help people understand their financial options around their pension savings.

 “With the huge interest in the annuity market right now, it’s not at all surprising that the FCA has decided to follow up its thematic review with a market study. It’s also right for the FCA to look at the wider picture and the range of retirement options customers have. Aegon particularly welcomes the forward-looking aspect of the study, looking at changing consumer needs and future engagement opportunities.

 “The study is an opportunity to bring balance and fact-based analysis to the debate, cutting through some of the myths, and identifying both weaknesses and strengths in the various forms of retirement solution.

 “Aegon looks forward to participating in this study and working with the FCA to help consumers make the most of their retirement.”

Back to Index


Similar News to this Story

Launch of the new Pensions Commission
Standard Life, Aegon, Aviva, Legal and General and PMI comment on the launch of the new Pensions Commission
Retirement confidence dips for 50 somethings
New research from Aegon reveals that only 33% of Britons aged 50–59 feel confident about retiring comfortably, the lowest of any age group. This midli
Pension Commission must deliver bold reforms
Comments from Kirsty Anderson, retirement specialist at Quilter on the DWP’s plan to revive the Pension Commission, including auto-enrolment reform an

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.