Should providers be the second line of defence for non-advised retirees?

Should providers be the second line of defence for non-advised retirees?

clock

Pension freedoms bring greater risks as well as choice, especially for those who don't take advice or guidance. But, Andrew Tully argues, the FCA and providers can help…

The 2014 Budget is now a distant memory, but the aftershocks and tremors of the monumental pension changes instigated that day continue to be felt. Overall, it is hard to argue with the fantastic freedom and choice being introduced. And it is obvious this has huge appeal. But with such unfettered choice comes the potential for poor customer outcomes. That's where good advice, and hopefully the new guidance guarantee service, will help people use this new freedom in a way which suits their individual circumstances. But what about the 50% and more who won't access guidance or advice – w...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

How retirement planning has transformed over the past 50 years

How retirement planning has transformed over the past 50 years

PPI report looks at the move from predictable pensions to personal responsibility

Jonathan Stapleton
clock 21 November 2024 • 3 min read
Act now: Planning for retirement is a concern for today

Act now: Planning for retirement is a concern for today

'Don't wait until tomorrow to think about retirement'

Andrew Tully
clock 20 November 2024 • 4 min read
Government publishes Pensions Investment Review interim report and launches DC and LGPS consultations

Government publishes Pensions Investment Review interim report and launches DC and LGPS consultations

Report published as Reeves delivered inaugural Mansion House speech

Jonathan Stapleton
clock 15 November 2024 • 4 min read