Striking differences found on investment pathways funds - LCP

Non-advised retirees must 'look under the bonnet'

clock • 3 min read

Retirees who are shunning annuities face a huge variety of product options, charges and investment performance when going down the "investment pathway" route which they need to consider carefully, according to research from consultants LCP.

The regulator has become increasingly concerned about this non-advised group, in particular, the risk of people ‘sleepwalking' into having the money sitting in cash, which has resulted in pension providers having to steer investors down ‘investment pathways' since 1 February 2021.  Savers answer a simple question about what they plan to do with their money and the provider then offers a drawdown fund that they think best matches the investor's intentions. Jon Greer: Why advisers must 'sit up and take notice' of investment pathways Research from pension consultant LCP showed charges ...

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