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Major stock market moves on one day could prompt nearly 60% of income drawdown investors to revamp their portfolios, with 21% moving their money into cash, according to a new study.
UK inflation fell to 2.1% in December, from 2.3% the previous month, according to the Office for National Statistics (ONS).
The current level of funding and the financial structure of FOS will have to change, FCA chairman Charles Randell told the Treasure Committee today.
Selectapension has wound up its subsidiary arm that executed defined benefit advice.
SIPPs and SSAS firm Dentons Pension Management has made a series of new appointments.