Drawdown investment pathways will always be 'blunt tool'

Response to FCA Retirement Outcomes Review

Jenna Brown
clock • 5 min read

Providers and advisers have broadly welcomed the regulator's latest post-pensions freedom market study but warned establishing prescribed drawdown investment pathways will never be more than a "blunt tool".

The Financial Conduct Authority (FCA) released the final report from its Retirement Outcomes Review this morning alongside a consultation paper looking at whether to introduce set drawdown investment pathways to give non-advised consumers a chance at better outcomes. Other suggestions put forward to protect consumers in the post-pension freedom world included wake-up packs from age 50, with regular provider contact every five years and giving drawdown retirees clearer information on charges, set out in pounds and pence, to remove complexity. 'Blunt tool' Nucleus product technical ma...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Treasury expected to start hunt for next FCA CEO – reports

Treasury expected to start hunt for next FCA CEO – reports

Process to begin in 2025

Sorin-Andrei Dojan
clock 11 November 2024 • 1 min read
Law, not likes: Cracking down on social media financial promotions

Law, not likes: Cracking down on social media financial promotions

‘Every individual social post or communication must comply with the rules’

Sarah Wylie and Owen McLennan
clock 28 October 2024 • 4 min read
How Labour can support investment management vibrancy

How Labour can support investment management vibrancy

The formation of a new government – now just over 100 days’ old – has brightened the spotlight on UK financial services regulation, writes IIMI CEO Dani Hristova

Dani Hristova
clock 28 October 2024 • 4 min read