Pensions freedom rules statistics make a call for advice
With the pensions freedom rules since April 2015 there is huge demand for cost effective advice for those with modest pension pots. Official data has shown £1 billion has been taken from pension pots since April.
George Osbourne commented on the data saying it showed pension freedoms had been “real success, but we have to make sure that people get the best advice, that the market responds and that companies up their game in helping customers make use of these freedoms”
It is so important that individuals understand all of their options and the implications of the retirement options decisions. Advisers also need to be positioned to assist all clients with their retirement options as a duty of care.
