Retirement Advice Review and Vulnerability Concerns

The chapter explores the FCA's thematic review on retirement advice post-pensions freedom changes, emphasizing the shift from annuities to alternative options and the risks of poor advice. It delves into the analysis of firms' advice quality, focusing on weaknesses in record-keeping and suitability files, with insights on compliance assessment tools and treatment of vulnerable customers. Additionally, it discusses the FCA's finalized guidance on financial promotions on social media, influencers' legal obligations, and the Treasury Select Committee's inquiry into sexism in the financial industry.