Advisers are well placed to pick up new business driven by regulatory changes to the pension system, which could also result in a boom in estate planning specialists, according to Standard Life.
At a briefing on Wednesday, the pensions provider suggested that the personal pensions market could prove lucrative for financial advisers as regulatory changes, such as auto-enrolment, start to take hold. The provider predicted that while the market was likely to shrink due to the changes introduced by the Retail Distribution Review (RDR), advisers would benefit from the introduction of auto-enrolment - with millions starting a pension for the first time - and the continued development of at-retirement products, such as flexible drawdown. Standard Life head of customer income solutio...
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