Legal & General Just Got FCA Approval To Nudge Pension Savers Out Of Cash
Legal & General Group has received FCA approval to deliver targeted support to workplace pension members, starting with those holding retirement pots fully in cash. The FCA launched the regime on April 6, aiming to address gaps in advice for 23 million consumers. L&G reported £114 billion in workplace pension assets under administration, up 21%. The firm bought back 14.5 million shares this week for cancellation.