Pensions - Articles - FCA publishes latest Retirement Income Market Data


The Financial Conduct Authority (FCA) has today published Retirement Income Market Data for the period from July to September 2015.

 The FCA has collected data from retirement income providers covering an estimated 95% of assets in contract based pensions to enable it to track and monitor changes in the market. The information is helping to inform the FCA’s approach to regulation of the market.
  
 The Government’s pension reforms brought about significant changes in the way consumers can access their pensions and the data provides insight into how people are using the new freedoms.
  
 The report covers:
     
  1.   Choices made by consumers accessing their pensions
    2.  
  2.   Guaranteed annuity rates – levels taken up and not taken up
    3.  
  3.   Levels of pension withdrawals for customers making a partial withdrawal
    4.  
  4.   Use of regulated advisers
    5.  
  5.   Consumers’ stated use of Pension Wise
    6.  
  6.   Whether consumers change providers when accessing their pensions
    7.  
  7.   Retirement income market data will be published quarterly. The data published today relates to the second quarter following the pension reforms and may not reflect longer term trends.

 To download the full report please click on the document below

  

 

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.