Pension freedoms brought fundamental change to retirement planning and the way your clients can take money from their pension. 

The subsequent rise in drawdown, and the much-welcomed increase in choice and flexibility came with additional risks. Heightened exposure to sequencing and longevity risk, and the steady decline of defined benefit pensions, should have led to a shift in retirement planning strategies. To find out, the FCA launched its thematic review of retirement income advice in 2019. Paused due to the pandemic, it has now been published and you can read the findings here.

The direction of travel from the regulator is clear. Firms will have to reassess existing retirement investment and income strategies to ensure they are fit for purpose. Advice models that are not suitably designed to meet the specific needs of clients in decumulation will come under scrutiny. 

A new phase of retirement planning is on the horizon. That’s why we’ve pooled together the resources from our teams at Wealthtime and Copia, and experts from across the industry to provide insight to help advisers assess their current retirement strategies, and plan for the future.

This content is intended for professional advisers only.