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.
Help your clients understand and quantify how much their desired retirement will cost.
Help them clarify their current and future income requirements – e.g. How much income and or cash is required – at the outset and in the future; How much flexibility is needed in case future circumstances change.
