Adviser retirement advice to focus on drawdown next year - Curtis Banks

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 market, Curtis Banks said. Meanwhile the introduction of pension freedoms in 2015 led to a boost in the income drawdown market and rapid growth in products available for advisers - but many of these original products are no longer suitable for clients, the SIPP operator added. Curtis Banks group sales director Dave Stratton said the advice sector was rapidly changing and "where two or...