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Shut to 2 thirds (61%) of Monetary Planners consider pension and retail funding merchandise will see a lift from the FCA’s new Shopper Obligation.
SIPPs are additionally anticipated to see extra curiosity, in response to a brand new report from supplier iPensions Group.
Virtually half (45%) of the 100 advisers surveyed anticipated the variety of customers taking out SIPPs to extend on account of the launch of the brand new Shopper Obligation guidelines.
Two in 5 (39%) mentioned they consider the variety of prospects taking out retail funding merchandise will rise.
The report additionally discovered the brand new guidelines are already having an impression on the merchandise that Monetary Planners supply to purchasers.
One in eight (12%) mentioned they’ve stopped providing any excessive danger investments consequently, while 9% had withdrawn from providing outlined profit switch recommendation.
Craig Cheyne, managing director at iPensions, mentioned: “A key intention of the Shopper Obligation regime is to extend funding in retail funding merchandise and advisers are assured it’ll ship on that.
“Pensions on the whole and SIPPs particularly look prone to be main beneficiaries of the brand new guidelines and advisers are additionally reviewing the merchandise they may supply to prospects.”
PureProfile surveyed 100 monetary advisers targeted on pensions throughout April on behalf of iPensions.
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