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Andrew’s primary role is the analysis and communication of pension regulation, legislation and taxation. He regularly writes and comments on pensions for the financial media, speaks at conferences and seminars and is a member of a number of industry-wide working groups. He is currently spending much of his time helping advisers work through the opportunities arising from the many changes taking place to the retirement income landscape.

Annuity comparator process raises issues for advisers

For many years, the numbers of people shopping around for the best deal at retirement has been shockingly low. A great many people have lost out by taking the annuity on offer from their holding provider rather than look for a better deal. The advent of pension freedom means more people are now using income...

How has the FCA reacted to the increase in final salary transfers?

Probably the most significant trend over the last year has been the dramatic increase in final salary transfers. So, it is no surprise that the FCA has published proposals to make a variety of changes to the advice process. These form part of a consultation running until 21 September, in which the FCA also ask...

LTA check at 75 likely to have bigger impact on clients

The number of people still in drawdown at age 75 has historically been fairly low. Before the pension freedoms the majority of retirees bought an annuity. And few of those who did choose drawdown encountered any issues with the lifetime allowance given the sizeable lifetime allowances we have seen over the last decade, and the...

The best of both worlds in retirement with hybrid solutions

The retirement market has changed substantially over the last 18 months since the pension freedom changes. More money is now going into drawdown than annuities, rates have been hit by Solvency II and lower gilt yields, and we have seen several providers pull out of the annuity market. So does this spell the beginning of...

Pension freedoms offers flexibility, but also increase consumer choices

For those in or reaching retirement, deciding what to do and when to do it isn’t easy. Pension freedoms offers fantastic choice and flexibility, but it also increases the number of options and choices people need to consider. Add in the uncertainty of how long they will live, whether they will need long-term care, the...

The pros and cons of retiring abroad

For many people retirement is all about spending more time at home, and with family. But for others, retirement is an once-in-a-lifetime chance to do something completely different. For some that may be voluntary work, or a new hobby. For others it’s the huge leap of retiring overseas. The most popular destinations include Spain, America,...