Advisers expect to have a more significant role in helping clients navigate their retirement options following the chancellor’s pension changes announced at the Spring Budget in March.
According to the latest Fidelity Adviser Solutions' IFA DNA study, 70% of IFAs said that the changes announced - including the removal of the lifetime allowance (LTA) charge and an increase in the annual, tapered and money purchase annual allowances - will have an impact on the advice they give to clients. Additionally, 84% said the reduction in the capital gains tax allowance will have the most significant impact on the advice they give to clients. Advisers also said the removal of the LTA charges (72%) and increase of the annual pension allowance limit from £40,000 to £60,000 will a...
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