IFAs rate ending age-75 as top pension reform

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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.

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