MPs on the Work and Pensions Committee have welcome the FCA’s Retirement Outcomes Review but attacked progress on reform as “glacially slow.”

Many industry pensions experts have given a cautious welcome to the FCA Retirement Outcomes Review but some have voiced concerns about aspects of the proposed changes, especially how investment pathways will work.

The Financial Conduct Authority has launched a consultation today on measures aimed at protecting consumers, improving engagement and promote competition in the retirement income market.