The Financial Conduct Authority (FCA)'s investment pathways are working “as intended”, it has confirmed in a post-implementation review.
In the regulator's review, published yesterday (11 July), it said its initial evidence shows "investment pathways are working as intended to address the specific harms identified in the retirement outcomes review". The watchdog stated: "They provide a platform for further work to support consumer decision making throughout their retirement. We do not propose changes at this stage." Pension providers are required to steer investors down ‘investment pathways' - a move driven by FCA concern that consumers who do not have a financial adviser were not choosing a suitable product in retirem...
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