Testing times: The role of platforms post-pensions freedom

The role of platforms post-pensions freedom

clock

Alistair Wilson is surprised some platforms won't offer full pensions flexibility. Here he runs through the biggest factors advisers need to consider post-6 April

Last year's Budget is in the distant past, but the memory and impact remains and will continue after the new pension regulations come into force next month. In the last twelve months, there has been much speculation about clients spending their accumulated pension pots after the now infamous Lamborghini comment. With the regulator's recent CEO letter reinforcing the need for providers to ask more searching questions of clients looking to access their pension funds, we may see lower numbers. Research undertaken by Zurich, among 900 individuals aged between 50 and 70 in late 2014, ...

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 Wrap/platforms

AJ Bell platform hits record AUM as inflows rise 19%

AJ Bell platform hits record AUM as inflows rise 19%

13% rise over the past year and a 1% increase in the quarter

Linus Uhlig
clock 24 April 2025 • 2 min read
Wealthtime signs ten-year deal with Wipro to overhaul platform

Wealthtime signs ten-year deal with Wipro to overhaul platform

The firm will use Wipro's artificial intelligence

Sahar Nazir
clock 01 April 2025 • 2 min read
Adviser platform assets up to £616.2bn in 2024

Adviser platform assets up to £616.2bn in 2024

Strong advised platform new business throughout 2024

Jenna Brown
clock 19 March 2025 • 3 min read