The chief executive of Carey Pensions talks to Retirement Planner about current opportunities in the SIPP market
How do you think clients will use flexible drawdown? To an extent, there has always been a degree of flexibility with various drawdown options available. The key changes coming out of the recent pension reform are the abolition of age 75 and new flexible drawdown. In reality, the amount of individuals these changes will affect are few and far between. A recent survey by Datamonitor suggested that in 2010 around 300,000 people retired on pension pots valued at just £20,000, with only 3,000 people retiring on pots of £200,000 or more - this is the size of pot one would need to consider fl...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes