Half of adviser businesses boosted by pension reforms, research

FundsNetwork's inaugural 'Adviser Class' survey found 53% of advisers have already felt financial benefits from the new pension freedoms, which will take effect in April. The majority stated they have seen an increase in the number of business enquiries on at-retirement options, 73% of which saying they have seen enquiries grow by up to 25%. The Chancellor announced in last year's Budget he would allow savers access to a wider range of products in retirement, such as income drawdown, in order to eliminate the need to buy an annuity for the majority of people. Head of advisory servi...