Financial Advisors' Views of Pension Reforms

Introduction

This report is a survey-based study which examines how the proposals under the UK government for place pensions reforms are affecting the business of IFAs. The report also explores the increasingly important dynamic between IFAs and employers, in the context of the introduction of National Employment Savings Trusts (NESTs) in 2012.

Features and benefits

• Access the results of Datamonitor's November 2010 IFA survey.
• Identifies the pensions products IFAs perceive most business will be generated from in the post-NEST era.
• Helps you align your offering for IFAs to reduce the exposure to the challenges of pensions reform.

Highlights

Out of the 100 UK independent financial advisors surveyed, 67% of IFAs believe that the auto-enrolment aspect of the workplace pensions reform will not be sufficient to keep employees in the NEST scheme.A great deal of uncertainty surrounds the future of personal pensions and much of its progression will depend on the effects of the government's plans for NESTs in potentially drawing investors away from these pension products.

Your key questions answered

• Benchmarks leading L&P and Asset Management firms in terms of their service levels and product offerings.
• Identifies the biggest impacts of NESTs on employers prior to and after their introduction in 2012.
• Reveals the opportunities providers and IFAs have for the future of private pension products.