Ask the Expert - Darren Dicks

Q. How will the market evolve to help those retiring with small pension pots get the best deal possible? The real question is: how small is small? It's widely accepted that the average pension fund of £30K is too small to provide an acceptable supplement to the state pension. It's also accepted that it's uneconomical to advise on these funds. However, we have seen the significant emergence of non-advised annuity specialists who can provide a service economically to these funds. So, the real issue is for people with aggregated funds of less than £18K. The current triviality rules would en...