Drawdown  

Pimfa warns against pension pathways

Paul Gibson, managing director at Granite Financial Planning, said: "I am not certain investment pathways alone will improve client outcomes. If providers are able to offer this alongside a basic advice or guidance service that may help.

"Advice is going to be the best outcome but is expensive and out of reach for many. The investment pathways may just cause more confusion although I hope that this is not the case."

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maria.espadinha@ft.com