Pension reforms could fuel rise in estate planing advisers - provider

Carmen Reichman
clock

Advisers are well placed to pick up new business driven by regulatory changes to the pension system, which could also result in a boom in estate planning specialists, according to Standard Life.

At a briefing on Wednesday, the pensions provider suggested that the personal pensions market could prove lucrative for financial advisers as regulatory changes, such as auto-enrolment, start to take hold. The provider predicted that while the market was likely to shrink due to the changes introduced by the Retail Distribution Review (RDR), advisers would benefit from the introduction of auto-enrolment - with millions starting a pension for the first time - and the continued development of at-retirement products, such as flexible drawdown. Standard Life head of customer income solutio...

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

Join

 

Already a Professional Adviser member?

Login

More on Income

Record-breaking year for annuities as larger pots drive £7.4bn sales

Record-breaking year for annuities as larger pots drive £7.4bn sales

ABI figures for 2025 at highest level since 2014 pensions freedom bombshell

Jenna Brown
clock 12 February 2026 • 3 min read
Annuity rates rose to 7.51% by end of 2025

Annuity rates rose to 7.51% by end of 2025

Rise worth an extra £7,000 to £9,000 in lifetime income for a 65-year-old

Holly Roach
clock 28 January 2026 • 2 min read
L&G joins with HSBC UK in annuity access push

L&G joins with HSBC UK in annuity access push

HSBC customers given direct access to L&G annuity service

Jenna Brown
clock 07 January 2026 • 2 min read