A workable and affordable simplified advice framework must urgently be established to ensure ‘ordinary savers' properly benefit from next year's pension freedoms, delegates heard.
Executives from three providers, Prudential, Royal London and Just Retirement all agreed simplified advice should be the profession's next area of development. Just Retirement sales and marketing director David Cooper said: "For the retirement income market the demand is so great and the need is so high we need a fairly radical, robust solution. I am hanging my hat on simplified advice." Cooper said three parties - providers, willing advisers and the Financial Conduct Authority (FCA) - needed to work together to get simplified advice operating at a national level. "Providers have g...
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