A changing landscape

Huge interest is being generated around the introduction of new income drawdown rules in April but we shouldn’t forget that annuities are likely to dominate the retirement income market for years to come. With the baby boomers now hitting retirement age in their hundreds of thousands each year, one of the biggest challenges we face as an industry is encouraging better choices at retirement. As we count down the months until implementation of the Retail Distribution Review, it becomes ever clearer that the new rules are likely to restrict independent financial advice to those wealthier...