Almost half of retirement pots entering drawdown now do so without regulated advice, according to the Financial Conduct Authority’s (FCA) 2025/26 retirement income market data.
When the FCA initially began collecting retirement income market data in 2015, this figure was around a quarter. Quilter retirement specialist Adam Cole described the growing numbers as a "notable advice gap in drawdown". "While drawdown offers valuable flexibility, decisions around withdrawal rates and how long retirement savings need to last can have a significant impact on long-term outcomes," Cole said. Additionally, the regulator's data, published today (24 September), found more than half of annuity purchases are still made without either regulated advice or guidance. This...
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
