Advisers are adopting centralised retirement propositions (CRP) following the Financial Conduct Authority’s (FCA) thematic review on retirement income advice, according to a recent study by Wealthtime and Copia Capital.
The report, Rethinking Retirement: Changing Gear? found that only 17% of advisers at that time managed a dedicated CRP separate from their centralised investment proposition (CIP), with most (80%) using the same portfolios for clients in both accumulation and decumulation stages. Another 3% employed bespoke portfolios specifically for retirees. However, by October, a follow-up poll conducted during Wealthtime and Copia's Rethinking Retirement Roadshows showed a marked shift: 29% of advisers had now adopted CRPs, while the proportion using CIPs for both accumulation and decumulation dropp...
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
