GBST has added new investment pathways functionality to its Composer platform in preparation for the introduction of the FCA's investment pathways legislation in August 2020.
The new function will launch alongside an updated version of Composer and is due to be released by the end of March. GBST said the change "enriches" its capabilities in the pension accumulation space and has been developed with input from clients. In July last year, the Financial Conduct Authority (FCA) revealed it would implement compulsory investment pathways for non-advised drawdown providers from August 2020. In the final rules and guidance for its Retirement Outcomes Review, the regulator said consumers entering drawdown or transferring assets already in drawdown to a new provid...
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