Simon Binney: How financial services must respond to FCA retirement outcomes paper

As John F. Kennedy said "change is the law of life. And those who look only to the past or present are certain to miss the future." There is no doubt that the pension sector has undergone significant change over the past couple of years with the advent of pension freedoms and regulation. The FCA's recent ‘Retirement Outcomes Review' looked at how the retirement income market has evolved since the pension freedoms were introduced in April 2015. While the report found that consumers have welcomed the pension freedoms, the market is still developing and firms and consumers continue to ad...