Stress-testing at the core of suitable retirement income planning

It seemed like an age awaiting and anticipating the outcome of the Financial Conduct Authority's (FCA) Retirement Income Thematic Review, and let's be honest – the messaging emanating from Endeavour Square was surprisingly basic, a stern wake-up call about risk profiling and capacity for loss - pretty fundamental stuff. The regulator has set out some major requirements for all those involved in advising consumers on drawing down money from their retirement assets to maintain a decent lifestyle. Apart from a strong call to firms to act on the basis that advised investors have explicitl...