Should providers be the second line of defence for non-advised retirees?

Should providers be the second line of defence for non-advised retirees?

clock

Pension freedoms bring greater risks as well as choice, especially for those who don't take advice or guidance. But, Andrew Tully argues, the FCA and providers can help…

The 2014 Budget is now a distant memory, but the aftershocks and tremors of the monumental pension changes instigated that day continue to be felt. Overall, it is hard to argue with the fantastic freedom and choice being introduced. And it is obvious this has huge appeal. But with such unfettered choice comes the potential for poor customer outcomes. That's where good advice, and hopefully the new guidance guarantee service, will help people use this new freedom in a way which suits their individual circumstances. But what about the 50% and more who won't access guidance or advice – w...

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

Join

 

Already a Professional Adviser member?

Login

More on Pensions

A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

Transfer delays highlight need for ten-day Pension Switch Guarantee

Sahar Nazir
clock 29 April 2025 • 2 min read
Sipps: How clients can avoid common retirement planning mistakes

Sipps: How clients can avoid common retirement planning mistakes

'Retirement planning stands as a cornerstone of long-term financial well-being'

James Floyd
clock 28 April 2025 • 4 min read
Origo completes pensions dashboard connection

Origo completes pensions dashboard connection

Completed connection ahead of this week’s first deadline

Holly Roach
clock 28 April 2025 • 2 min read