In response to the news that the Financial Conduct Authority (FCA) may delay the introduction of investment pathways for non-advised clients due to the coronavirus, EValue's Chet Velani has implored the regulator to take this time to rethink one of the options for consumers.
Investment pathways were introduced as part of the Retirement Outcomes Review policy statement and have been described by the regulator as a "significant intervention" that will help non-advised consumers entering drawdown to make investment decisions that meet their income needs in retirement. The options are: 1. I have no plans to touch my money in the next 5 years 2. I plan to use my money to set up a guaranteed income (annuity) within the next 5 years 3. I plan to start taking my money as a long-term income within the next 5 years 4. I plan to take out all my money within th...
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