The government's guidance guarantee will result in more people seeking regulated financial advice on decumulation, with the majority of advisers stating pension pot size will not make a difference, according to research.
Figures, from the Association of Professional Financial Advisers (APFA) showed just one in five adviser firms would decline clients on the basis of their pension pot size. The survey, of 237 financial advisers, also found four out of five (83%) businesses have the capacity to take on additional clients seeking decumulation advice, and half of them can take on at least 26 additional clients. Chancellor George Osborne announced in March everyone who retires with a defined contribution pension "will be offered free, impartial, face-to-face advice on how to get the most from the choices" ...
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