The ABI’s Reaction to the FCA’s Retirement Outcomes Review Policy Statement

LONDON, England, Jan. 28 -- The Association of British Insurers issued the following statement by Head of Retirement Policy Rob Yuille in reaction to the Financial Conduct Authority's policy statement on the retirement outcomes review:

"It's crucial that the many thousands of people entering drawdown each year are able to do so with appropriate levels of support and information.

"We agree with the FCA's recommendation to introduce investment pathways. Improving the frequency and content of retirement communications is a pragmatic, logical next step.

"Increasing information about fees and charges is something the industry has been working on for some time and we support the FCA's proposals. In future, levels of transparency will increase even further thanks to the work we have been leading on the creation of pensions dashboards and a drawdown comparison tool."

Policy Statement: https://www.fca.org.uk/news/press-releases/fca-proposes-rules-investment-pathways-and-other-measures-improve-retirement-outcomes-consumers