Pensions being raided at ‘unsustainable levels’

Pensions being raided at ‘unsustainable levels’

British savers are being warned that they are taking cash from their pension pots at ‘unsustainable levels’ and risk not having enough money to see them through their retirement. Latest data from the Financial Conduct Authority (FCA) reveals that savers with smaller pots – typically between £10,000 and £100,000 – were taking money at high …

Three year investigation launched into consumer investments

Three year investigation launched into consumer investments

Britain’s financial watchdog has launched a three year investigation into consumer investments following ‘too many scams and scandals’. The Financial Conduct Authority (FCA) believes a fundamental review of the market is needed and has asked the industry for its co-operation in the investigation. Call for input Issuing its ‘call for input’ the regulator says the …