Opportunities await IFAs in pensions future - report

The study argues the need for advice could be greater than ever as a number of products come to market to reflect the changing circumstances in retirement. However, it adds the combination of increased longevity and inflation can cut retired people’s spending power by as much as 40% over 25 years and that this also provides a “threat” to IFAs. The report for MetLife also highlights issues with current retirement products predicting that current low rates for traditional annuities are unlikely to “improve substantially in the foreseeable future”. It also notes that many drawdown produc...