Spotlight on the new retirement landscape

The freedoms offered to pension investors by the Government have been broadly welcomed by commentators and individual savers alike.

However, with these new found freedoms comes a significant transfer of responsibility for income and security from the life assurance industry to the individual, and of course, their financial advisers.

Accompanying this transfer of responsibility comes a transfer of liability. New standards of client understanding and acceptance of risk will need to form part of the advisory process.

Here is an in-depth look at the new retirement landscape from Retirement Planner: