FCA May Force Advisers To Offer More Customized Help
Law360, London (January 28, 2019, 1:19 PM GMT) -- The Financial Conduct Authority set out plans on Monday to prevent retirement savers from losing up to £25 million ($33 million) of pension income a year with rules that will force advisers to offer help tailored to the needs of investors.
The FCA has launched a consultation on measures that will compel financial services companies to offer a range of investment strategies to customers who do not actively ask for advice from an adviser about their pension savings. Pensions advisers will be obliged to ensure that the so-called investment pathways broadly meet the saver’s retirement objectives.
The watchdog hopes that its...
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