Alastair Black believes the FCA's thematic review of retirement income advice is an opportunity to simplify regulatory processes and increase industry capacity...
The Financial Conduct Authority (FA) is expected to publish the findings of its thematic review into retirement income by the end of the year. Since the review was announced in January, the regulator has polled a large group of advisers on the matter, covering topics from how firms give retirement income advice to how this impacts their business models, and from staff remuneration to training and competency. So very wide-ranging. Once the results are in, I expect the FCA will identify emergent themes for further investigation. And while we don't know what the regulator will determine ...
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