Kevin Doran: Investment pathways circumnavigate suitability requirements

Short-changed for simplicity

clock • 4 min read

Well intentioned as it may be, writes Kevin Doran, the FCA's investment pathways idea runs the risk of exposing investors to equally poor, or potentially worse, outcomes than remaining in cash

Since pension freedom was introduced in 2015, the world has waited with baited breath to see if pensioners could be trusted with their own savings - or whether a bird in the hand would be swapped for a Lamborghini in the garage. Four years on, it seems that, far from being frivolous, the nation's pensioners are something of a frugal bunch, withdrawing entirely sensible amounts from their freed-up pension pots - often with a helping hand from professional financial advisers. Yet that is not always the case. With three in every 10 who reach drawdown opting to eschew professional advice,...

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