Investment advice regarding income drawdown tops the list of queries clients have been asking over the last year relating to the pension changes, a poll of advisers has revealed.
Just under half (48%) of the 250 advisers polled by Censuswide – on behalf of Aegon – said that income drawdown was the top issue raised by clients.
Following the top subject of income drawdown were:
- 2: advice on whether to give up safeguarded benefits in order to gain access to pension freedoms (38%)
- 3: whether to opt for a guaranteed income such as guaranteed drawdown or an annuity (35%)
- 4: how and when to make additional pension contributions (26%).
Those were the top issues up until September 2015 the survey stated.
The Censuswide research also showed that for 61% of advisers polled, pension freedom changes were the top issue they had been dealing with over the past year, followed by investment planning (44%) and IHT planning (22%).
