It is a question many advisers are facing when considering clients' impending at-retirement choices in the wake of the pension freedoms unveiled at Budget 2014. So what are advisers recommending?
The retirement landscape was radically overhauled by George Osborne in March. The dramatic changes announced at Budget 2014 effectively removed the need for retirees to buy an annuity and opened up a new world for drawdown. Providers have responded in kind: a flurry of new products have sprung up designed to bridge the gap for would-be retirees who are now holding out on making a decision. But some advisers think deferring retirement decisions can prove costly, and argue the new products are not necessarily designed with the client in mind. So, is it wise to wait or should those...
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