'Word 'retirement' is almost inappropriate': A Q&A with APFA's Chris Hannant

Why APFA's Chris Hannant thinks the word 'retirement' is almost inappropriate after Budget 2014

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Fiona Murphy caught up with Association of Professional Financial Advisers director-general Chris Hannant to discuss the changing retirement advice landscape

What do the changes announced at Budget 2014 mean for retirement advice? What the Chancellor said is everyone should get advice. But the Treasury is clear – and its publications are clear – that it is actually talking about information and guidance. It is advice in the everyday usage of the word, not in the sense of a regulated sale of an investment product. What we think is very important is there should be a clear handover to an advised process so someone can get an adviser if they don't have one already. Those with a large amount of assets will want to access them in a tax-efficient...

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