A whole new way of retirement planning

Chris Lamberton, Partner at EY, comments on the creation of a pensions dashboard:

“A dashboard which shows a customer’s collective savings in one place introduces a whole new way of managing money in retirement, and will allow providers to create new, innovative services for financial planning in later life. It will revolutionise how people view and control their savings, and demonstrates that the industry is focusing on how best to serve its customers.”

Jason Whyte, Insurance Director at EY, comments generally on the FCA’s final retirement income market study report:

"The FCA has reconfirmed its intent to ensure that consumers get the information they need to make good choices with their retirement money, though it will be some time before we see how effective it will be. The bigger question for the industry and consumers is whether the annuity past-business review results in widespread compensation for those who have bought annuities in the past"