UK firm rolls out blended retirement income solution
It will allow advisers to offer clients a mix of drawdown and annuity strategies
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It will allow advisers to offer clients a mix of drawdown and annuity strategies
They will ‘bring more certainty to the industry going forward’
As 61% of retirees accessed their pots without financial advice
‘Small changes – just a fraction of 1% – can make a real difference’
It ‘provides a step-change in the right direction for advisers with clients in the decumulation phase’
It will ‘revolutionise how people keep track of retirement savings’
Service will have no additional charges
But only half of retirees aware of the money purchase annual allowance
AJ Bell CEO: It’s ‘a mandate for pension providers to line their pockets by peddling in-house funds’
‘Perfect storm’ created by pandemic shows need for planners to sharpen focus on risk
But advisers believe pandemic will create good buying opportunities
As more than one million people have been furloughed