Adviser retirement advice to focus on drawdown next year - Curtis Banks
Advisers look to secondary drawdown
Advisers will look to more innovative and flexible products to help clients' retirement, Curtis Banks forecasted.
Advice in the retirement sector will largely come from the existing drawdown market in 2020, as advisers step away from defined benefit (DB) and defined contribution (DC) markets, self-invested personal pension (SIPP) provider Curtis Banks has forecast.
High professional indemnity premiums and risk of future litigation has seen many advisers move away from defined benefit (DB) transfers, which has caused a natural progression to the defined contribution...
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