Chris Read discusses the potential challenges around pension illustrations
Providers have many concerns in the run up to RDR but our annual provider survey showed accurate disclosure of "effective deductions on illustrations" is proving a major issue. According to the survey commissioned in March,38% of providers saw ‘disclosure of effective deductions on pensions illustrations' as both the most expensive and onerous administrative change they had to make pre-RDR. It dwarfed concerns around preparation for auto-enrolment which only 21% pinpointed as the most expensive and onerous change this year. So why are providers struggling so much with this issue? T...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes