Advisers say the abolition of the requirement to annuitise by age 75 is the best pension reform passed this year.
Compared to all other major pension reforms being pushed through this year, 39% of advisers said ending age-75 would benefit consumers most, research from Dunstan Thomas said. A further 30% said auto-enrolment would most benefit consumers, whilst only 20% said unbundling charges would help investors the most. Over three quarters of IFAs surveyed welcomed increased transparency around charges. However, 69% said new qualifications and changes brought in by the Retail Distribution Review (RDR) would render affordable mass market advice unfeasible.
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes