FCA presses ahead with investment pathways for drawdown customers
Advisers to consider pathways when assessing suitability
"Our Retirement Outcomes Review identified that many consumers are focused only on taking their tax-free cash and take the 'path of least resistance' when entering drawdown" - FCA's Christopher Woolard
The Financial Conduct Authority (FCA) is consulting further on how to implement default investment pathways for non-advised savers entering drawdown.
The financial watchdog said it had received broadly complementary feedback on its previous Retirement Outcomes Review consultation into default investment pathways at drawdown, and was now consulting further...
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