Adviser network Tenet is offering its members licences to self-approve drawdown advice in a bid to speed up its processes ahead of the incoming pension reforms.
The brand name for the guidance guarantee has been unveiled as ‘Pension wise - your money your choice'.
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Risk-managed funds will overtake annuities to become the preferred retirement income strategy over the next decade, according to an Aegon adviser survey.
The Financial Conduct Authority (FCA) must establish a ‘second line of defence' for retirees ahead of pension freedom or the industry faces another major mis-selling scandal, according to MPs.
Prudential has launched a flexible drawdown option to its range of retirement products ahead of pension freedoms which come into force in April next year.
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.
Provider Aegon is to launch a drawdown product with combined access to unit-linked guarantees to capitalise on pension freedoms.
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