What I find unnecessary is that advisers will be compelled to consider pathways at all.
Advisers already make personal recommendations based on the client’s individual circumstances, which will be far more personalised than any investment pathway.
If it does so happen that a pathway fits their objectives then advisers would be able to recommend it without being forced to consider it, thus lengthening the advice process.
Advised drawdown clients have not been identified as at high risk of defaulting into cash, so there is no issue to be resolved and this extra step just feels wholly unnecessary.
Lisa Webster is senior technical consultant at AJ Bell