Jade Connolly, Head of Advice at Ascot Lloyd, comments on the interim findings of the FCA’s Retirement Outcomes Review:
“Following the introduction of pension freedoms, consumers seem to be more aware of the fact that they have options when it comes to retirement. However, they still don’t receive enough information to make informed choices.
“More individuals accessing their pension below the age of 65 may sound alarming, but the key question is whether a consumer’s retirement age was 65 in the first place. While normal retirement dates on pension pots may be set to age 65,