With the baby boomer generation moving towards retirement there is going to be a huge need for quality financial advice and a massive opportunity for IFAs to advise in this area.
The at-retirement market is expected to boom over the next few years, with Watson Wyatt predicting a 60 per cent growth during the next five years from £14.1bn to £23.1bn.
Retirement Strategy will be published monthly and distributed with your copy of Money Marketing. The aim of the publication is to educate and inform readers about the growing range of retirement planning options and to promote debate about political and regulatory thinking affecting the sector.
This month’s issue contains a rare interview with former Conservative minister and current Aifa chairman John Gummer who calls for radical new thinking on retirement issues from the next Government, whatever its political colour.
Living Time managing director of sales and marketing Dave Harris explains why he believes small IFAs should look at offering retirement planning advice and not automatically outsource to specialist firms.
Legal & General head of annuity product development Tim Gosden and Intelligent Pensions technical director David Trenner go head to head in a debate on whether direct annuity services benefit the consumer or are just designed to maximise provider profit.
In a regular column, The Retirement Partnership director Billy Burrows discusses the effect that the Bank of England’s quantitative easing programme could have on annuity rates while Ship director general Andrea Rozario talks through the wider use of equity release for funding care, tax and estate planning or enhancing lifestyles.
It also includes four pages of annuity income data offering advisers a view of the current rates available, including impaired, flexible and asset-backed annuity options, plus historical trends.
Below are a few examples of articles from the first issue.
Retirement Strategy: Leader
Billy Burrows: Alternative thinking
The industry soapbox: Dave Harris
David Trenner and Legal & General go head to head
John Gummer interview: The flexi future
Case study: smoke signals