RDR will stop poor pensioners getting 'critical' advice

Research by Xafinity Paymaster, part of the Equiniti Group, found providers and experts think RDR will hit people with small pension pots, poor people, and those in poor health. They said an 'advice gap' would form as poorer people would not to able to pay for critical pension advice. David Sinclair, assistant director, policy and communications, International Longevity Centre - UK (ILC-UK), commented: "The impending regulatory environment for financial advice (RDR) may result in an ‘advice gap' where the poorest and least well-off pensioners will fail to receive critical financial ad...