By Matthew Yeates The Financial Conduct Authority’s (FCA’s) recent Retirement Outcomes Review Final Report mentions the word ‘risk’ 63 times.
The report talks about longevity risk, the risk of scams and the risk of overspending, but the dominant theme is arguably the risk of over-cautious investors (mainly those without the benefit of advice) losing out by holding too much cash.
The paper sends a strong signal about the need to challenge clients’ inherent caution in later life.It arguably also sounds another death knell for lifestyling funds that automatically take risk off the table as the investor approaches their retirement date. Breaking […]
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