FCA's 'investment pathways' plan 'won't work for sophisticated investors'

Consultation alongside Retirement Outcomes Review

Hannah Godfrey
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Martin Tilley: “We’ve got 6,000 clients, probably a quarter or a third or those are already in drawdown, and I can say that none of them are sitting in cash.”
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Martin Tilley: “We’ve got 6,000 clients, probably a quarter or a third or those are already in drawdown, and I can say that none of them are sitting in cash.”

The Financial Conduct Authority's plan to introduce drawdown investment "pathways" would not work for a traditional SIPP investor, and would be a costly, unnecessary process for providers to implement, according to Martin Tilley.

On Thursday, the FCA launched a consultation alongside its Retirement Outcomes Review, which suggested introducing investment "pathways" for drawdown retirees to make sure people are obtaining value for...

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