DC members unwilling to pay for drawdown advice

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Defined contribution (DC) savers who intend to manage their own pension pot in retirement are unwilling to pay for regular advice, according to research from Hymans Roberston.

The consultant found that just one in 12 of the 1,000 DC members it surveyed would pay for regular advice if they chose not to buy an annuity. A further quarter told researchers they would be wi...

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