The Financial Conduct Authority (FCA) has sent a selected group of advisers a survey running to a total of 87 questions as part of its thematic review into retirement income advice.
The study asks for various sets of data from advisers on decumulation, its target client audience in the decumulation space and also delves into lifetime mortgages/equity release. The thematic review, first announced in January this year, is examining how the retirement income advice market is functioning, according to the regulator and is focused on how firms are responding to changing consumer needs as a result of the rising cost of living. When it was first announced the watchdog said it would link the review to lifetime mortgages to get a "clearer understanding of outcomes for con...
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