Sometimes journalists get criticised for simply cutting and pasting releases on to their websites. Most of the time this is lazy and you miss something by not phoning and asking questions. Sometimes though a press release offers an expert view and a quote that sums up an issue. Here is Intelligent Pensions MD Steve Patterson on the 75 reform.
“Removing the requirement to annuitise by 75 might sound like a great opportunity for advisers to keep clients in drawdown for as long as possible, but advisers need to beware. The regulatory scrutiny on the issue of when to annuitise will become even greater, especially to demonstrate appropriate risk management processes are in place with suitable ‘exit strategies’ for drawdown clients, according to their individual needs and circumstances.”
Cut. Paste. Job done. Point well made Mr Patterson.
