News Analysis: UK pension market fails to meet expectations

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The UK's pension market has failed to meet intermediary expectations on integrity of product provide...

The UK’s pension market has failed to meet intermediary expectations on integrity of product providers and competence of administrative staff, a report from Defaqto has revealed. Overall, the survey shows 39.8% of respondents, out of a sample of 500 advisers, now consider Sipps to be their main pension product. Respondents also declared their preferred providers for pensions business, with Scottish Equitable winning out for personal pensions and income drawdown, including ASP, and Norwich Union for individual stakeholder products and annuities. Among other findings, the report also re...

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