A-Day spells 'MayDay' for clients, says Winterthur-life

Mike Morrison, pensions strategy manager at Winterthur Life says while advisers have seen the broad framework of simplification in the Finance Act, they are still not in a position to give definitive advice to clients. As a consequence, these clients will then fail to gain full knowledge of all possibilities before making decisions. Speaking in London on the final day of the Winterthur Life roadshow, Morrison says: “Here we are in November 2004, it is now just over 15 months until ‘A’ Day, and where are we with pensions simplification. The devil will be in the detail.” He says while I...