Retirement income in the regulator’s spotlight

TCC’s David Boyhan explains, in Money Marketing, why the FCA views retirement income as a regulatory priority and what advisers can do to ensure clients receive suitable recommendations.

The Houses of Parliament and Big Ben beside Westminster Bridge in London, with red buses crossing under a clear blue sky.

What happened?

The FCA views retirement income as a regulatory priority, warning that unsuitable recommendations can cause significant and irreversible harm to the financial wellbeing of retired individuals.

Writing in Money Marketing, TCC’s Technical Director David Boyhan explores what advisers can do to ensure clients receive the right level of care when making decisions about their retirement income.

Why does it matter?

Retirement income decisions are often irreversible, so firms that cannot demonstrate suitable advice in this area are exposed to both regulatory attention and the risk of lasting harm to clients.