FCA plans drawdown 'investment pathways' to boost outcomes

The regulator's Retirement Outcomes Review, released this morning, found 60% of non-advised consumers in drawdown were unsure where their money was invested. It also found one-third of consumers were wholly invested in cash with about half of these "likely to be losing out on income in retirement". The FCA has today launched a consultation on how to address the problem and suggested investment pathways for customers at the point of entering drawdown could help. The consultation will run for six weeks, with a second paper planned for January 2019, and the final rules published in July ...