How are platforms evolving in retirement planning?

At the last Henry Stewart conference held in March 2013, MoretoSIPPs principal John Moret projected there would be 1.5 million SIPPs by 2018. Platform SIPPs would account for half of this growth. The massive growth in platform usage will not just be linked to SIPPs. Income drawdown, annuities and auto-enrolment are all likely to inform innovation in the future. Cofunds head of proposition development Martin Wigginton says: “The strength of the platform is giving choice of wrappers as people accumulate to reach their target money for retirement. As the government does less to provide f...