Helen Morrissey, pension specialist at Royal London comments on the release of the FCA’s policy statement on the Retirement Outcomes Review.
“Today’s policy statement goes a long way towards helping those customers entering income drawdown without an adviser to still achieve a decent outcome. This is particularly the case when it comes to making sure that no-one is invested primarily in cash unless they have made a specific decision to do so. Offering access to investment pathways will help ensure these customers are invested in assets that better meet their retirement needs. Similarly, presenting charges in a clearer way will also go a long way towards preventing peoples’ hard earned pensions being eroded by high charges over time. In short these recommendations will safeguard non-advised customers against sleepwalking into bad retirement outcomes.”
Notes to Editors
The final policy statement can be found here:
For further information please contact:
Helen Morrissey, Corporate PR Specialist – Long Term Savings
- Email: firstname.lastname@example.org
- Tel: 0203 272 5433
- Mob: 07919 170 712
About Royal London:
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £138.9 billion, 8.6 million policies in force and 4,126 employees. Figures quoted are as at 31 December 2019.