A workable and affordable simplified advice framework must urgently be established to ensure ‘ordinary savers' properly benefit from next year's pension freedoms, delegates heard.
Executives from three providers, Prudential, Royal London and Just Retirement all agreed simplified advice should be the profession's next area of development. Just Retirement sales and marketing director David Cooper said: "For the retirement income market the demand is so great and the need is so high we need a fairly radical, robust solution. I am hanging my hat on simplified advice." Cooper said three parties - providers, willing advisers and the Financial Conduct Authority (FCA) - needed to work together to get simplified advice operating at a national level. "Providers have g...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
