A new consumer finance survey carried out this month suggests that 32% of people have cut back on saving due to the cost of living crisis.
The FCA halted 343 applications for authorisation from firms and individuals in 2020 in a clampdown to protect consumers.
Nearly half of Pension Freedom users say they fear running out of cash in retirement, according to new consumer research from SIPP and platform provider AJ Bell.
A senior figure at a Sipp firm fears operators could put their balance sheets before the best interests of consumers if the FCA fails to get its latest capital adequacy plans right.
Many of Britain's over-55s say that major changes to retirement income announced in the Budget and due to come into effect from April will have no impact on them, a new report shows.
The FCA is to launch a competition market study after concluding that the annuities market is failing consumers.
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