Income withdrawal strategy the top focus area for advisers

Tops the list of focus areas following the FCA’s Retirement Income Review

Isabel Baxter
clock • 2 min read

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...

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