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Broker talkback

Are you recommending alternatively secured pensions to clients who do not want to buy an annuity at 75?

No – 63%
Yes – 37%

No: “I work in the most northern part of Scotland so we don’t have many Plymouth Brethren. If the client’s profile warranted it, I would recommend an Asp. It should be brought to the person’s attention.”
Richard Bain, CRB Investment

No: “I do not have any clients in that age bracket yet but if I did I would be waiting for further clarity from the Government.”
Steven Walker, Clarion

Yes: “If the flexibility is in the client’s interests. If you keep delaying action because of potential Government mood changes you will never take any action.”
David Taylor, David F Taylor

No: “I don’t see why someone who has got certain religious or political beliefs should have access to a different type of product. I am not averse to recommending an Asp if it is in the client’s best interests.”
Jeremy Coates, AJS Independent Financial Advisers

No: “I would not be averse to recommending an Asp instead of an annuity. It is hard to know what to do because the Government might put a damper on it. I am going to recommend to clients they invent their own religion.”
Brian Causton, Causton Associates

Yes: “If the client does not want to take it when they retire we would always look at alternative types of drawdown.”
Steve Cherrett, Vintage Investment Services

Yes: “We are recommending Asps as alternative plans. We need to assess attitude to risk but it is a suitable alternative for some clients.”
Richard James, Financial Future Associates

No: “I don’t have anyone in that category but it is ridiculous that the regulation still stands. Why does there have to be an age limit?”

Allan Reece, Allan Reece Associates

Money Marketing welcomes readers’ letters for publication. Letters should be sent to: The Editor, Money Marketing, 50 Poland Street, London, W1F 7AX.

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