Canada Life brands generic advice a 'disaster'

It claims the plan to allow pension and other retirement products to be sold by generic advisers would not allow factors important to retirement income planning to be taken into account. These could include long term health projections, inheritance issues and lifestyle planning. Bernard Footitt, technical support manager of pensions at Canada Life, tells IFAonline: “On one level, any increased awareness of the options available can only be positive. However, there are far more variables to be considered when choosing the best retirement income arrangements, than can be addressed purely ...