Final report of the Retirement Outcomes Review published by FCA
Trustees Agenda posted on 28 June, 2018
The FCA has released its final report of the Retirement Outcomes Review alongside a proposed package of measures designed to protect consumers, improve engagement and promote competition in the retirement income market.
Amongst the proposals included in the FCA's consultation are the introduction of investment pathways for customers at the point of entering drawdown and 'wake-up' packs which would be sent to savers fro the age of 50 and subsequently every five years until their pension pot had been fully accessed. The FCA is also proposing that all consumers who have accessed their pension savings receive information from their provider annually, including details of charges.