The Financial Conduct Authority (FCA) has launched a consultation on the intergenerational implications for pensions in both accumulation and decumulation for savers.
In the document - unveiled today (2 May) - the watchdog said it is seeking views on a broad range of financial circumstances and needs, which includes pensions, across three generations: baby boomers, generation X and millennials. The FCA wants to know if there are other intergenerational implications for pensions other than auto-enrolment (AE) which was introduced in 2012, and Freedom and Choice which came into force in 2015. It said, together with increased life expectancy and labour market developments, these developments influence the ways in which people generate and access pension ...
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