Advisers ditching personal pensions for more flexible options

Its research suggests the number of advisers who see pre-retirement savings products as their major focus has plummeted this year. Defaqto says advisers' clients are increasingly looking at more flexible savings and investment vehicles, such as SIPPs and ISAs, while traditional personal pension products see their popularity wane. A survey of 500 IFAs found just 37% felt pre-retirement savings were the products they advise on the most, down from 52% in 2008. A far greater number were giving equal weight to post-retirement income products, up 45% from 33%, while 18% were now biased t...