The pensions changes announced in last years budget have already resulted in plummeting annuity sales in the UK market and a host of new products, but according to a new white paper by Altus, the continued lack of understanding around pensions represents a significant opportunity for advisers.
Investment management should sit at the heart of pensions delivery, argues the IMAs Jonathan Lipkin.
Old Mutual Global Investors is at an “advanced stage” of setting up partnerships with selected life companies and platforms to develop pooled fund products for the retirement market, in readiness for next year’s radical UK pension regime reforms.
While it is easy to dismiss such a statement as hyperbole, digging through the numbers presented for the last decade, paints a rather interesting picture especially given the global financial crisis that exploded in the middle of it.
Rex Cowley, principal of New Dawn Consultancy & Research is predicting a new playing field for Qrops providers as he publishes the first definitive study on this evolving area of the international pensions market.
