Drawdown retirees are set to be put on 'investment pathways' in a bid to secure better outcomes for all. Here Shona McCluskey assesses the changes and urges firms to consider the wider objectives
What do we know about human nature? People stick to what they know or are too scared to break the status quo. This is particularly the case when it comes to money. We also know that people are more likely to make better decisions if they feel like they are fully informed of facts, have access to clear information and feel supported along the way. More people in the UK have a workplace pension or a self-invested personal pension (SIPP) than ever before following the introduction of auto-enrolment in 2012. Despite this, up to 33% of all non-advised drawdown clients opt to invest wholly ...
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