Advisers should shy away from clients eager to cash in their pension pots and bear in mind annuities are "still key to the advice process" for pots worth £30,000 to £100,000, said 2plan chief executive Chris Smallwood.
Nine safe bets (and a few unsafe) from pensions 'freedom'
Retirement Planner has launched of a series of breakfast briefings aimed at advisers operating in the retirement planning space.
The freedom to sell your annuity (read: The freedom to get screwed)
Think demand for annuities has dried up? Truth is demand in 2014 has smashed all standing records...
As the industry gears up for the introduction of retirement freedoms in April what will people choose? Stephen Lowe goes through recent research into what retirees are looking for.
Fundamental problems with the shopping around system for annuities must be addressed before pension freedoms being in April, experts have said.
Consumer research undertaken by the Financial Conduct Authority (FCA) found that 40% of consumers do not exercise their option to switch and instead purchase an annuity from their existing pension provider. The regulator found six key reasons why.
Annuity providers need to make significant improvements to the quality of their written and telephone communications if customer outcomes are to be improved, according to the Financial Conduct Authority's (FCA) Thematic Review.
Openwork will add an income solution to its multi-asset fund range next year as part of its investment proposition Omnis, which has attracted £1bn of new assets ten months after launch.