FCA: Retirement income advice – good practice and areas for improvement
11 Jun 2025
United Kingdom
1 min read
FCA’s article provides examples of good practice and potential areas for improvement for firms providing retirement income advice. FCA found three areas which it sees as fundamental to the provision of good outcomes for clients in decumulation: the quality of firms’ information collection and record keeping; the appropriateness of client risk profiling, and the suitability of clients’ income withdrawals.