Consumers still view pension providers and the Government as ultimately responsible for giving them a comfortable retirement – despite Budget reforms which aimed to give more individual control and power.
Inherent conflicts of interest within insurance intermediary firms are not being properly managed, a review by the Financial Conduct Authority has found.
Pension reforms in the Budget will lead to the unit-linked guarantee market nearly trebling to £4 billion a year by the end of 2015, MetLife has predicted.
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