Are FCA-mandated investment pathways set to demystify the 'dark arts' of retirement income or will personalised advice from an actual human win out? Adrian Boulding looks at the issues...
By the time you read this, there will be less than four months to go until the regulator's investment pathways will need to be offered to the roughly 30% of consumers moving their defined contribution (DC) pensions into drawdown without consulting a regulated financial adviser. This may catch quite a few clients with advisers, who are either starting drawdown or more likely moving more funds into drawdown without having recently talked to their adviser. From 6 April 2020, drawdown product providers will need to implement the Financial Conduct Authority (FCA) prescribed investment path...
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