Pension freedom provokes 'strong demand' for advice - research

Two-thirds (68%) of the 98 intermediaries who responded to the Investec Wealth & Management study said they expect that number to continue growing over the next five years. A similar percentage said they have received enquiries about switching from defined benefit (DB) to defined contribution (DC) schemes. Indeed, interest in carrying out such switches is expected to prove a good source of future business - the survey found that, on average, advisers predict they will continue to receive similar enquiries for another nine years. "Advisers have seen strong levels of demand among pensio...