FCA: Poured £5 million into laptops for hybrid working
- FCA is proposing that firms offer a new ‘default’ investment option to help non-workplace pension customers
- Currently, non-workplace pension customers have to choose their own investments from an increasingly wide range of options
- This complexity can make it hard for some customers who do not take advice to choose investments that meet their retirement needs
- Under the proposals, the default option would need to be an appropriately diversified basket of investments
- As a customer approaches retirement, their investments changed to lessen the impact of any market downturn on their savings
- The aim is to ensure pension savers have as big a pension pot as possible at retirement
