Close collaboration: 'Retirement ready' clients need long-term advice

The recently enforced pensions freedoms represent a dramatic change in how and indeed, when, many defined contribution (DC) members will access their pots in retirement, and the difficulty remains of knowing what people are now doing with their pensions savings - or what they may do in the future. Before the 2014 Budget, 92% of DC savers bought an annuity at retirement. While common consensus and subsequent figures have seen annuity purchases fall off a metaphorical cliff, and the majority of recent retirees now opt for cash, presumably in order to park their assets until they are rea...