Advisers are prone to trip up over cap drawdown policy

John Lappin

Might a charge cap only apply to smaller drawdown pots?

Unfortunately, arguing on principle with a Labour party establishment that has a price-capping obsession is only likely to end in failure.

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The only way IFAs, pension firms and fund managers will win an anti-cap argument is with a highly practical, consumer-centric case. The industry needs to construct that case with care.

John Lappin blogs about industry issues at www.themoneydebate.co.uk