Alastair Black takes a look at the FCA's findings from its review into retirement income advice and highlights the areas where both the regulator and advisers should now focus on...
It may be hard to believe but we are now in our tenth year since pension freedoms were introduced in the UK. Over this time, those aged 55 and over have had the flexibility to fully access their retirement savings to meet their bespoke needs. The demand for help has been high, with pressure increasing all the time as the UK deals with an ageing population. The advice sector however has risen to the challenge and the Financial Conduct Authority's (FCA) recently published findings following its retirement income advice review backs this up. The regulator's report and its Dear CEO let...
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