Darren Dicks discusses how the RDR will affect the provision of retirement advice as well as going through the options available to those retiring in debt.
1. How will RDR affect the provision of retirement advice? The impact of RDR is still unclear and there are many different views. Aviva are sponsoring the money marketing retirement invitationals in June and presenting our views on how it will change the provision of advice. Please look out for the dates near you. In short, the key change for retirement advice is customer segmentation and a clear understanding of the cost to serve a client on a non-advised and an advised basis. It's clear that annuities can be sold on a non-advised basis and for many people with small funds an annuity i...
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