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Specialist advice
26th July 2011
Following pension changes, will there be an increased requirement for specialist advice at retirement?
WEALTH at work recently conducted a poll to determine whether or not there will be an increased requirement for specialist advice at retirement.
The results show that 67% of respondents believe that there will be an increased requirement, which is an increase from the 60% reported in the Rethink Retirement Report survey results. Such specialist advice will be essential if employees are to make appropriate decisions, given the irreversible nature of annuities and the complexity and risk associated with drawdown pension.
If you would like more information on any of the issues raised, please contact us.
It should be noted that often the percentages are rounded up or down to the nearest one percent. Therefore, occasionally, figures may add up to 101% or 99%.
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