Blog: Now is the time to get back office systems up to speed

Now is the time to get back office systems up to speed

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Pensions freedom sounds like a boon for financial planners but giving advice has never been more risky, writes Brett Williams

The end of near-compulsory annuities, coming into effect in April, presents an enormous opportunity for financial planners. Anyone approaching retirement, or taking benefits, should consider what the new rules mean to them, and given the complexity of the market most people will need advice. The forthcoming changes could impact on financial plans significantly and the subsequent increased demand for advice is good news for firms. However, delivering a profitable, efficient and compliant service will not be without its challenges. While the pension rule changes mean there has nev...

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