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UK Savers Moved £21B Out Of Pensions In 2017, FCA Says

By William Shaw (May 21, 2018, 9:45 PM BST) -- U.K. savers last year shifted nearly £21 billion out of defined benefit pension schemes and into investment plans that do not promise a specific yearly retirement income, more than double the amount from the year before, according to new data from the Financial Conduct Authority obtained on Monday....

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