Pension income and equity release broker Age Partnership has boosted its team of specialist retirement advisers as part of a shift away from non-advised solutions.
As part of the changes, the firm’s head of retirement strategy James Dean has left the business.
Over the last two months, the firm has taken on six newly qualified advisers to its retirement-income team.
Age Partnership commercial director Dan Baines says: “If the proposition proves as popular with customers as we hope it will, there may be more growth in this department over the course of the year.
“Over the last 12 months we have invested significantly in our people and processes to build a service that we think will meet the changing needs of customers at retirement.
“Central to this service is a belief that all customers, regardless of their level of wealth, should be offered clear choice at retirement.
“As such, we continue to grow our team of specialists retirement advisers, whilst also retaining the SelfSelect option for customers without either defined or safeguarded benefits, should they have a clear preference for making their own decisions off the back of a comprehensive guidance process.”
Dean was chief executive of Aegon Direct when it was scrapped by the insurer in December 2011, and more recently was managing director of mass market advice firm Decide2.