'Retirement income advice is the biggest problem in the adviser market' - Rory Percival

Speaking on a Money Alive webinar this week, Percival said advisers will need to overhaul their approaches to managing retirement income following the FCA's recent guidance on the issue. "Centralised retirement propositions (CRP) and advice about retirement income is the biggest problem in the market at the moment," he said. Percival argued firms were not doing enough to manage their biases around retirement income, which was flagged as a priority by the FCA in its 'Dear CEO' letter in January this year. "The FCA is now focusing on how you structure and run your firm and within tha...