FOUR out of five IFAs still intend to recommend Alternatively Secured Pensions (ASPs) despite the proposed new charges announced in the pre-budget report, according to research commissioned by Skandia.
Skandia spoke to more than 600 advisers with 78pc of respondents saying they still liked APSs. However, over two thirds (70pc) said they will only recommend them to a few appropriate clients with 8pc saying they will recommend them to all clients. Billy Mackay, head of marketing at Skandia Life, said: “The research shows that financial advisers still see a market for ASPs and the government has a great opportunity to utilise this to encourage pension savings in the UK. “We understand that the government does not want to see tax efficient pension funds passed on to beneficiaries with...
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