Scottish Life is developing an income drawdown package to better support advisers setting up the product ahead of potential Financial Services Authority (FSA) regulation.
The provider said its suite of tools - to be launched in early autumn - was being developed ahead of likely regulation in the area, which has come under recent criticism for potential mis-selling. Investment marketing manager Lorna Blyth said giving advisers more support in the area was important as the FSA was likely to regulate in the area as a result of its questionnaire on the topic, sent out to advisers earlier in the year. Blyth added Scottish Life saw income drawdown as a growth area for advisers - but said the process of set up was complex and advice intensive. She said the...
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