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The recent Money Marketing column highlighted an upcoming shake-up in retirement income advice due to a thematic review by the Financial Conduct Authority and Consumer Duty rules. While some argue the pension freedoms already caused significant changes, the review will likely address issues like suitability, tools usage, and fees. Despite improvements in retirement advice quality, there’s a call for more consideration of annuities alongside drawdown. Addressing emotional barriers and emphasizing the importance of guaranteed income is crucial. The focus should shift towards helping clients understand the trade-off between flexibility and income security. Rather than constant shake-ups, the emphasis should be on enhancing adviser skills for better outcomes.
Link :- https://www.globalfinancesdaily.com/the-1-question-i-asked-in-an-interview-that-got-me-the-job
