If you thought 2015 was an eventful year with the arrival of pension freedom and the first stirrings of robo-advice in the UK, 2016 promises to be more exciting yet, Bruce Moss writes...
Our industry has seen seismic changes in legislation over the past year and 2016 is set to be another busy year. As well as the introduction of the new single tier state pension in April 2016, potential changes to pension tax relief, proposals for a secondary annuity market and removal of inheritance tax charges on drawdown, we will have the Financial Conduct Authority's (FCA) proposals on the delivery of advice following the end of the Financial Advice Market Review (FAMR) consultation. Technology, which has revolutionised so many industries and consumer services, has only recently b...
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