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Eloise Henderson
Head of Strategic Communications
T: 01293 205335
M: 07741 384460

Blaise Tapp
Media Relations Manager
T: 01293 205336
M: 07388 943700

B&CE, the not-for-profit provider of The People’s Pension, has responded to the FCA’s interim report on the retirement income market. The report proposes changes to the support for consumers approaching retirement, including a ‘pensions dashboard’ where consumers can view all of their pension savings in one place.

Darren Philp, Director of Policy and Market Engagement at The People’s Pension, said:

“The FCA report contains sensible proposals for improving consumers’ experiences as they approach retirement. The fact of the matter is that savers will need more help and support as they navigate through the increasingly complicated set of decisions they will need to make at retirement.

“We have long believed that a pensions register, an online hub where people can see all of their pension savings in one place, is an essential part of supporting members at retirement. People simply need to have an oversight of what savings they have, and where they are, before making such a big decision. We’re pleased that the FCA made this proposal in its report and believe that a pensions register or dashboard is a crucial piece of the jigsaw in making the Government’s Budget changes work.”

Read the FCA report: Retirement income market study: Interim Report