Vince Smith-Hughes looks at the challenges and opportunities for advisers in the post-Budget environment.
Retirement planning has always been a core responsibility for advisers. But the changes announced in the Budget for pensions and retirement income have provided further impetus and opportunities for advisers to help their clients. The bottom line is that clients will need more help in planning how they take their capital and income from maturing pension pots. The need to secure financial stability in retirement from their pension savings and other income sources will remain as important as ever, though the greater diversification of income products will only increase the complexity of...
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