Invesco and Just Group are joining forces to launch a retirement solution for advised clients on the back of findings from the Financial Conduct Authority thematic review of retirement income advice.
The asset manager and retirement specialist today (3 June) said the regulator's work shows there needs to be "greater product innovation in retirement solutions" to help advisers manage risks to income. "The suitability of investment portfolios to support clients who are spenders, rather than savers, is in focus and under scrutiny by the conduct regulator," Just Group retail retirement income director Kavi Myladoor said. "The needs of these clients and the investment risks they face are very different when taking an income and continuing to invest for growth." Invesco head of UK distr...
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