FCA plans drawdown 'investment pathways' to boost outcomes

Retirement Outcomes Review consultation

Jenna Brown
clock • 4 min read

The Financial Conduct Authority (FCA) wants to introduce investment "pathways" for drawdown retirees to make sure people are obtaining value for money.

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Understanding UK money habits: FCA's 2024 Financial Lives report key takeaways

Understanding UK money habits: FCA's 2024 Financial Lives report key takeaways

'Survey highlights significant challenges in financial resilience and pension savings'

Caitlin Southall
clock 12 June 2025 • 5 min read
Finfluencer trials delayed until 2027 due to court backlog

Finfluencer trials delayed until 2027 due to court backlog

Nikhil Rathi gave the update to aTreasury Committee hearing

Sorin Dojan
clock 10 June 2025 • 2 min read
Sustainability and market abuse concerns raised as FCA rings bell on PISCES launch

Sustainability and market abuse concerns raised as FCA rings bell on PISCES launch

PISCES regulatory regime now live

Linus Uhlig
clock 10 June 2025 • 3 min read