FCA to implement compulsory investment pathways for non-advised drawdown

In the final rules and guidance for its Retirement Outcomes Review released this morning (30 July), the FCA said that consumers entering drawdown, or transferring assets already in drawdown to a new provider, without taking advice must be presented with four options for how they might want to use their pot. However, there will be easement for smaller providers - those with less than 500 members entering drawdown each year - who will have to present the investment pathways, but will not be required to offer solutions themselves. Furthermore, providers must ensure that non-advised consu...