Podcast #84: What does the FCA’s Retirement income review mean for advisers? With BNY Investments’ Richard Parkin

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.