Six tips on UK pension reforms for financial advisers
2 Apr 15
A radical reform of the UK pension system gets underway this month allowing savers in defined contribution schemes much greater freedoms on how they can drawdown and utilise their money.
Make sure clients realise that investing after retirement is different to investing before retirement.
There are some particular risks that need highlighting e.g. Sequence of returns risk; Attitude to risk and capacity for loss may change; Longevity (living too long); Inflation; Market risk (interest rates and investments); Risk that personal circumstances changes e.g. death of a partner.
