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The Money Marketing Podcast: Is non-advised drawdown the next misselling scandal?

Savers have piled into drawdown products since the pension reforms ripped the heart out of the annuity market.

However, most of these new drawdown investors are managing their funds without the help of an adviser, raising fears they could be left short-changed a few years down the line.

Hargreaves Lansdown is the biggest drawdown provider in the country.

Head of retirement policy Tom McPhail shares the firm’s analysis of 27,000 customers exclusively with Money Marketing, which appears to show customers sensibly managing their pots despite recent market turmoil.

However, Just Retirement’s Steve Lowe and Worldwide Financial Planning IFA Nick McBreen warn the non-advised drawdown experiment is a disaster waiting to happen.

Don’t forget to subscribe to The Money Marketing Podcast on iTunes or through Soundcloud to get each episode when it goes live.



The Money Marketing Podcast: Are we really at risk of global recession?

We are less than two months into 2016, and yet we have seen markets recording their worst weeks for many years. The recent volatility begs the question whether these setbacks will ultimately lead to another global economic recession. Investment reporter Valentina Romeo speaks to M&G fund manager Stephen Andrew and Axa Wealth head of investing […]

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The Money Marketing Podcast: Could commission make a comeback?

The Treasury’s Financial Advice Market Review is set to transform the advice industry. Earlier this month Money Marketing revealed how the review’s expert panel may recommend reintroducing some form of commission to help fill the advice gap. In this week’s podcast, Old Mutual Wealth’s Carlton Hood argues in favour of providers paying some of the […]

Ros Altmann

Altmann resists intervening in NHS cash-for-pensions scandal

Pensions minister Ros Altmann says the Government will not intervene in the case of an NHS trust offering staff higher salaries for lower pension contributions. The minister’s reluctance to intervene comes as the FT reports today the south-east London Oxleas Trust has been referred to The Pensions Regulator over the matter. Last month it was […]

Life cover for life

When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what they were. For advisers thinking […]


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