Better Business: How can advisers benefit from the DC gold-rush?

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Magnus Spence, director at Spence Johnson, says a growing DC market in the UK could open up opportunities for advisers.

Few people would associate the UK DC market with a gold rush. For providers, somewhat underwhelmed by the scale of DC opportunities and somewhat overwhelmed by fierce price competition, the idea may provoke a wry smile. Asset managers have so far mostly avoided DC and they will do a double take at the idea this market offers anything but pain and sorrow. And advisers, whether the large EBCs feeding off the larger schemes, small IFAs helping to build small schemes, or the corporate IFAs in the middle-sized territory, none have reason to see the DC market as a crock of gold. Now may be the...

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