Zurich weighs non-advised pension access for retail clients

Carmen Reichman
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Provider Zurich is reviewing whether to allow legacy retail clients access to its flexible drawdown product on a non-advised basis, in an effort to streamline pension freedom.

The provider will roll out non-advised access to its corporate clients in the third quarter of the year and is considering a further roll-out to about 200,000 legacy retail clients. The move is designed to allow people acces their pension pots in line with the government's pension freedom reforms.  Although no decisions have yet been made, Zurich said it does not want advice to be a "barrier" to people claiming pension freedom. Further reading: Mass market drawdown demand could be met by ‘collective solution' - LGIM The government reformed the retirement income space over th...

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