Providers and advisers have broadly welcomed the regulator's latest post-pensions freedom market study but warned establishing prescribed drawdown investment pathways will never be more than a "blunt tool".
The Financial Conduct Authority (FCA) released the final report from its Retirement Outcomes Review this morning alongside a consultation paper looking at whether to introduce set drawdown investment pathways to give non-advised consumers a chance at better outcomes. Other suggestions put forward to protect consumers in the post-pension freedom world included wake-up packs from age 50, with regular provider contact every five years and giving drawdown retirees clearer information on charges, set out in pounds and pence, to remove complexity. 'Blunt tool' Nucleus product technical ma...
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