Tech averse advisers risk 'losing pension freedom market share'

Jenna Towler
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There has never been a better time to be in financial advice, but IFAs who fail to embrace technology will lose out to more tech-savvy firms who better serve pensions freedom clients, experts have said.

Speaking at the Intelliflo conference, Alexander House Financial Services chief operating officer Jane Hodges said, "old fashioned advisers" who fail to take advantage of available technology were under threat. She also said the sheer number of people who will need retirement income advice due to pensions freedom means IFAs need to think differently about how to use their skill set to help the maximum number of clients. The panel debate, which focused on pensions freedom and advisers' use of technology, asked if technology was a threat or an opportunity to advisers. Hodges said: "I...

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