Andy Bell writes to new FCA chief over 'wrecking ball' investment pathways policy

‘Fundamentally flawed’

Hannah Godfrey
clock • 3 min read

AJ Bell founder Andy Bell has written to new FCA chief executive Nikhil Rathi, arguing the implementation of ‘investment pathways’ will be dangerous for drawdown consumers.

Bell, who co-founded AJ Bell in 1995, warned the new Financial Conduct Authority (FCA) chief that while the pathways policy was well-intentioned, in reality, it is "fundamentally flawed" and "will not deliver the customer outcomes the regulator has set out to achieve". Bell (pictured) said: "The FCA clearly has its hands full dealing with Covid-19 and I derive no pleasure from taking potshots at an already overburdened regulator. "However, where I see an intervention that so obviously risks causing real and lasting consumer harm I cannot simply stand quietly by and watch it happen, ev...

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