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Advisers see business growth post A-day

Over 75 per cent of advisers expect to see their business grow in the next six months due to the impact of A-day according to Winterthur Life research.

Almost 60 per cent of advisers expect to see their business grow by up to 25 per cent and a further 18 per cent expect their business to grow by more than 25 per cent.

The most popular reason given for this expected growth is interest in EPPs, tax free cash changes and SIPPs.

Since A-Day 53 per cent of advisers say they have already seen enquiries rise.
Also a third of advisers feel the IHT impact of tax on trusts will have a detrimental effect on their typical pension clients.

The research, held across the country during May and June 2006 had 449 participants.

Director of distribution David Thompson says: The research findings underline how successful A-Day has been so far in regenerating interest in saving for retirement. More flexibility around buying annuities, wider access to tax-free lump sums, concurrent pensions plans and much higher contribution limits have all it seems proved very attractive to a great many consumers.”


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