IFAs need to prepare a checklist and start reviewing their clients' portfolios NOW if they want to avoid being accused of giving less than adequate advise on pending pensions legislation, warns Winterthur Life.
With only 21 months to go until pension simplification comes into effect, Winterthur Life says advisers need to act now if they want to ensure their clients won't say they have not been advised about the fresh opportunities. A-day may seem a long way off says Mike Morrison, pensions strategy manager at Winterthur Life, but adds advisers will need every minute to prepare their clients for the coming changes. He says: “While much of the focus has been on what may or may not happen after A-day, there are some potentially good opportunities for IFAs prior to the implementation of the Fina...
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