FCA presses ahead with investment pathways for drawdown customers

Advisers to consider pathways when assessing suitability

The Financial Conduct Authority (FCA) is consulting further on how to implement default investment pathways for non-advised savers entering drawdown.

The financial watchdog said it had received broadly complementary feedback on its previous Retirement Outcomes Review consultation into default investment pathways at drawdown, and was now consulting further.  Under the regulator's proposals, large providers would be required to offer single investment solutions that correspond with a range of consumer desires. Smaller providers, on the other hand, would be able to refer consumers to a drawdown comparator tool provided by the newly established Single Financial Guidance Body. The policy is aimed at customers who have already receive...