Income withdrawal strategy tops the list of focus areas for advisers following the publication of the Financial Conduct Authority’s (FCA) thematic review into retirement income, Standard Life has found.
Its research found that 16% cited it as their top take away, followed by suitability (14%), cash flow modelling (11%) and periodic reviews (8%). The FCA's thematic review of retirement income advice "painted a broadly positive picture of adviser's approach to retirement advice but noted a number of areas where some firms could improve and provided some guidance on best practice," according to the provider. Standard Life's survey also found that a quarter (26%) expect the review to lead to better outcomes for their clients. However, 44% do not think the review will make any difference...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
