The Budget has been described as the death knell for annuities and a welcome boost for income drawdown. Barry O Sullivan looks at how the rules change the face of the pensions market and what should an adviser's strategy be going forward?
In terms of the immediate changes, the first is the change to GAD from 120% to 150%. It doesn't seem too long ago that 100% GAD rates were introduced to bring caution to the drawdown market on the back...
Partner Insight: For Blackfinch, the arrival of its IHT portfolio services was a 'natural evolution' in the group's offering and points to an established track record of returning cash to investors.
Senior Managers Regime
Interest rate outlook unchaged
FCA made demands last week