A race against time: Dealing with retirement change

The coming six months are going to be a time of great change for financial advisers. From April 2015, retirees will be given unprecedented flexibilities when it comes to accessing their retirement savings. We expect to see more people move into income drawdown, while those with smaller pension pots are likely to take them as a lump sum. The role of annuities is also likely to change markedly in the coming months with people choosing to annuitise later, or doing so in slices rather than in one go. Those who have access to a financial adviser will really benefit from these changes. Regu...