Foster Denovo: More adviser-provider referral partnerships needed

The national advice firm, which entered an advice contract with Friends Life in April, said it is seeing increasing demand from other providers and employers for such partnerships since the pension freedoms came into force. Foster Denovo's agreement with Friends Life means the provider will refer all clients to the advice firm who request financial advice but don't already have an existing relationship with a financial adviser. Chief executive Roger Brosch (pictured) said providers expect demand for drawdown products to increase five or six fold following reforms allowing people aged ...