IFAonline Editor Katrina Baugh recently chaired an online Conjecture debate on the complications advisers face when assisting clients as they reach retirement. Has the client accessed their open market option? What kind of annuity is right for them? Would drawdown be better, or a variable annuity, or even a mix of products? The options are endless. The advisers on this panel of industry experts were Steve Lowe, John Moret and Vince Smith-Hughes
Listen to the full debate here If we can start our debate with the panel’s view on the proposed abolition of the age 75 rule for purchasing an annuity? Advising clients as they reach retirement can be complicated for advisers. Has the client accessed their open market option? What kind of annuity is right for them? Would drawdown be better, or a variable annuity, or even a mix of products? Vince Smith-Hughes: I certainly welcome the idea of looking at the age 75 rule but I would like to point out that it doesn’t actually affect that many people. The number of people who have NOT bee...
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