FCA Retirement Income Advice Review — what needs to change

'Advice firms should make sure they’re meeting the review standards'

clock • 4 min read

Tony Hicks takes an in-depth look at the regulator's Retirement Income Advice review and urges firms to take necessary steps to get up to speed

When making retirement choices consumers are increasingly dealing with a multitude of challenges, including the usual investment and inflation risks, as well as longevity and sequencing risks that are specific to decumulation. Add this to potentially conflicting personal objectives such as achieving the lifestyle they want in later life, maintaining a sustainable income through retirement and perhaps leaving a legacy to loved ones, then it's no wonder that many of those approaching – or already in – retirement are confused about the right retirement income strategy to take. The recent...

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