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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.



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The Money Marketing Podcast: Could commission make a comeback?

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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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