Has your client retirement proposition evolved following the publication of the FCA’s thematic review of retirement income advice? In March, the FCA wrote to the Chief Executives of financial advice firms asking them to review their processes when providing retirement income advice.
This thematic review has pretty massive implications for the advice profession. The regulator will be looking for clear evidence that advice firms are heeding its messages, making sure that they are delivering robust retirement income advice to clients.
So, what do advisers need to know? What do they need to do? Sue and Brandon’s guest on this week’s IFA Talk podcast is Richard Parkin, Head of Retirement for BNY Investments – someone who is hugely knowledgeable on this subject.
In this conversation, Richard succinctly sums up the five key findings of the review and discusses not only what they mean for advisers but also what advisers could/should be doing in response. With retirement income advice forming such an important part of the advice process, this is a podcast not to be missed.
Check out the conversation here, and please do tune in each week to stay informed, inspired and ahead of the curve.…
Click here to listen on Apple Podcasts
Click here to listen on Spotify
And there’s more…
Want to hear more about this? Read Richard’s blog here on IFA Magazine, entitled ‘Navigating FCA’s thematic review of retirement income advice: practical tips for advisers’ for another deep dive into this important topic
Additional research information from BNY Investments
- You can find out more about BNY Investments’ retirement investment framework on its UK adviser website.
- From there, you can also download the research on the retirement advice market that BNY Investments published last year.
