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Thursday, 26 September 2019 09:48

PFS brands FCA retirement figures ‘alarming’

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The Personal Finance Society (PFS) has branded the findings of an FCA survey, released yesterday, which showed nearly 50% of pension savers accessed their pension pots in the past 12 months without taking any regulated advice or guidance, “alarming”.

Financial Planning firm founder and client wellbeing advocate Chris Budd and industry colleagues have launched the Institute of Financial Wellbeing.

Becky Jones, who works for investment provider BNY Mellon, has been appointed as the youngest ever President of the Chartered Institute for Securities & Investment Manchester and North West District Branch.

Wealth manager and Financial Planner Succession Wealth has appointed six directors to help drive its expansion plans.

 

Nearly 50% of pension savers accessed their pension pots in the past 12 months without taking any regulated advice or guidance, The FCA’s Retirement Income Data reveals today.