Advisers revisit processes after FCA's retirement income review

The Thematic Review of Retirement Income Advice, released in March, spurred 66% of advisers polled by Wesleyan to make changes to their businesses. The mutual said changes included introducing or changing advice file record keeping (64%), changing client screening processes (60%) and client segmentation (45%). It added that 90% of those surveyed said they had helped clients at or near retirement alter their asset allocation. Some 55% said they had increased bond allocations (55%), while 40% had decreased allocations to equities. The findings of the thematic review found a "mixed pi...