At the end of day one of The Professional Adviser Debate readers voted overwhelmingly against the motion that retirees can be expected to make informed decisions following the recent Budget changes.
Only 22% voted for TPAS chief executive Michelle Cracknell's view that with proper guidance retirees will be able to make informed decisions. The remaining 78% went with Yellowtail Financial Planning Dennis Hall's idea that without advice many retirees are likely to make sub optimal decisions. One reader said: "If everyone had very simple needs - only one pension scheme and very straightforward financial affairs - helping them to make an informed decision without substantial amounts of advice would be difficult. Getting them to make such an informed decision when their investment affa...
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