LTA changes spark surge in demand for retirement advice

Half of financial advisers have seen uptick in retirement advice demand

Jenna Brown
clock • 2 min read
Aegon pensions director Steven Cameron
Image:

Aegon pensions director Steven Cameron

Changes to tax policies linked to retirement, such as the abolition of the lifetime allowance (LTA) have resulted in increased demand for financial advice for half of firms in the space, research has found.

NextWealth research, commissioned by Aegon, revealed that 49% of advisory firms that offer retirement advice had seen an increase in client demand for their services since changes to policies such ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Fieldfisher calls for clarification over scope of death benefits subject to new regime

Jonathan Stapleton
clock 31 October 2024 • 2 min read
List: The DC and DB benefits being targeted for IHT purposes from 2027

List: The DC and DB benefits being targeted for IHT purposes from 2027

Treasury docs reveal the extent of plans to include pension death benefits in IHT regime

Professional Pensions
clock 30 October 2024 • 1 min read
PPF publishes s143 valuation assumptions consultation response

PPF publishes s143 valuation assumptions consultation response

PPF confirms ‘marginally overfunded’ schemes will be able to use discount rate for s143 valuations

Martin Richmond
clock 29 October 2024 • 2 min read
Trustpilot