FCA urges financial advisers to review retirement income advice processes based on mixed findings in thematic review.

The FCA has asked financial advisers to review their processes in retirement income advice following its thematic review. The review found both good and bad practices among firms, with some showing they had considered customers' needs and designed their advice model to lead to good outcomes. However, the FCA also found examples where firms did not take account of customers' needs, potentially leading to poor outcomes.

March 20, 2024
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