Majority who recently accessed DC pots did not get advice

Just a fifth of those who accessed DC pot in last four years booked a Pension Wise appointment

Jasmine Urquhart
clock • 1 min read
There has been a small uptake in Pension Wise appointments compared to 2020, FCA data shows
Image:

There has been a small uptake in Pension Wise appointments compared to 2020, FCA data shows

Only one in five (18%) of those who accessed a defined contribution (DC) pot in the last four years booked a Pension Wise appointment, figures from the Financial Conduct Authority (FCA) show.

Analysis of the FCA's 2022 Financial Lives survey by retirement specialist Just Group found only one in ten (13%) had a telephone appointment, and just 5% had this face-to-face. While the majori...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Communication

Most workers over 40 think pensions are 'too complicated', survey finds

Most workers over 40 think pensions are 'too complicated', survey finds

Survey finds most adults aged 40 and over find pension planning ‘daunting’

Jasmine Urquhart
clock 04 June 2024 • 1 min read
What could effective pensions engagement look like?

What could effective pensions engagement look like?

PPI report says better industry collaboration and default designs could improve engagement

Jasmine Urquhart
clock 15 February 2024 • 6 min read
Maps calls for more pensions beneficiary awareness

Maps calls for more pensions beneficiary awareness

Research finds only half of savers know who their nominated beneficiaries are

Jasmine Urquhart
clock 10 November 2023 • 1 min read
Trustpilot