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AMP NPI roadshows aim to explain income-drawdown details of IFAs

AMP NPI is running a series of IFA roadshows during November and December explaining income drawdown.

The life office says the tour follows demand from over 1,000 IFAs who want to know more about the product.

The Income Drawdown – Road to Wealth seminars aim to unravel the perceived complexities which many IFAs believe surround the product.

It points out that last year, the drawdown market was worth an estimated £3bn for IFAs and says many predict it is set to grow.

The AMP NPI team will address key issues, including investment conditions, death benefits and trusts, asset allocation, compliance and a slot looking at how IFAs can serve high-net-worth clients.

The roadshows take in Leeds, Newcastle, Northern Ireland and Glasgow, ending in Edinburgh on December 4.

Director of IFA sales David Tildesley says: “Income drawdown offers potentially very high earnings in the advice market. Feedback from IFAs shows that some view the market as a potential minefield and so we have set up the roadshows to guide people through it. The tremendous response we have had shows just how interested IFAs are in this subject.”

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