In this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.
Have a care...
Pensions experts have called for the government to help savers access their pensions tax-free to fund long-term care.
Hargreaves Lansdown head of pensions research Tom McPhail and Defaqto non-executive chairman Patrick Gale said policy intervention was needed to allow people to move money freely from their pension pots to pay for their care needs in later life.
About 5,000 small and micro businesses will look to IFAs for auto-enrolment support as they hit their staging dates in 2015, according to NEST research.
It said large volumes of small and micro firms will turn to advice businesses, as well as other intermediaries next year. In total 45,000 small and micro employers are set to stage in 2015. NEST research showed only 23% said they were ‘confident' about dealing with pensions issues.
Sterling & Law IFA Lawrence Sanderson said: "Automatic enrolment is going to get seriously hectic."
Financial advisers are willing and able to break through the "perceived barriers" to at-retirement advice by inventing simpler offerings, chief executive of the Personal Finance Society (PFS) Keith Richards has said.
New research among PFS members suggested 75% of respondents believe they have the capacity to take on new at-retirement clients.
Almost 40% said they are looking to develop simplified ways of delivering one-off services like retirement reports, Richards said.
Bulk annuity push
Sales of individual annuities at Just Retirement were down 59% compared to the same quarter last year, latest results show.
The provider said its overall sales for the quarter were 42% lower than last year but strong defined benefit de-risking through bulk annuity deals had somewhat offset the drop in individual underwritten annuities which brought in £129.3m.
Get involved with equity release...
Andrea Rozario, chairman of Bower Retirement Services and former director general of the Equity Release Council, has sounded a call to arms for advisers to get involved in the equity release sector.
Speaking to delegates at the Personal Finance Society conference in Birmingham Rozario described the equity release market as one of the most exciting areas of financial services.
Has run Cautious Managed fund since 2011
What’s right – not what sells
Richards fires back at committee report
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Invested from 2006-2011