Almost half of drawdown sales non-advised, FCA finds

Carmen Reichman
clock • 2 min read

Almost half of those opting for income drawdown in retirement have done so without seeking advice, new data from the Financial Conduct Authority (FCA) has shown.

The data showed customers going into drawdown are the most likely to have used a regulated adviser with an opt-in rate of more than half (58%). But this means 42% of those opted against advice. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

The red face test – how would you fare?

The red face test – how would you fare?

Naomi Brown asks how trustees can prepare for when a decision they make is challenged

Naomi Brown
clock 31 October 2025 • 4 min read
Professional trustees – a long-overdue review

Professional trustees – a long-overdue review

Ian McQuade looks at why the consultation matters and sets out four steps for reform

Ian McQuade
clock 29 October 2025 • 4 min read
Omission may leave trustees unable to select CDC as guided retirement option

Omission may leave trustees unable to select CDC as guided retirement option

Retirees could be defaulted into annuity purchase default over CDC at retirement

Jonathan Stapleton
clock 24 October 2025 • 1 min read
Trustpilot