The regulator’s latest Financial Lives Survey of nearly 18,000 UK adults flagged that many people feel unprepared for retirement, with 22% of non-retirees saying they do not understand their options and 31% admitting they had not thought about how they would manage financially in retirement.
Alongside this, the survey found that one third of adults have less than £10,000 saved in their pension.
FCA private messaging crackdown not expected to expand to wealth and asset management
The FCA added that only 8.6% of people received financial advice on investments, pensions or retirement …
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