Major change is incoming in the pensions world, with the government set to make changes including the retirement age, but also with a Pensions Commission to look at contribution rates to stave off the growing threat of people not having enough money for retirement.
The FCA has also announced immediate changes to mortgage rules, to help borrowers reduce their repayment term lengths, save money and find cheaper products with other providers more easily. The FCA say this will “help people navigate their financial lives and support growth” in future, with other changes looking at making it easier for first-time buyers to get on the ladder.
