Personal Pension  

Protection Review expands into retirement income market

Protection Review has announced its first expansion beyond the protection market, as it moves into retirement income with Retirement Review.

The independent market commentator’s new venture will take a similar role in the retirement income market, providing independent commentary, events and research.

Retirement Review will begin with a conference based in London entitled ‘Retirement Income Reforms - Policy and Practice’ which will bring together IFAs, providers, consumer advocates, regulators and workplace advisers to “debate the reforms and consider the practical issues for consumers surrounding their implementation”.

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Speakers at the conference include David Geale, Financial Conduct Authority’s director of policy, and Michelle Cracknell, The Pensions Advisory Service’s chief executive.

John Lappin, director of Retirement Review, said: “This year the retirement income market will see some of the biggest changes ever applied to financial services industry. We aim to provide a forum for independent and influential commentary and debate about the market, focused very much on consumer outcomes as well as the industry requirements.”

Independent financial adviser and conference delegate Nick McBreen of Worldwide Financial Planning, said: “The RDR has brought enormous changes to financial advice across the board but the full impact has yet to be realised.

“Whilst the proposed loosening of the rules has been much talked up as a good news story, there are enormous ramifications that must be considered very carefully. The time has never been more important for clients to get appropriate and experienced advice on their own unique circumstances.

“The timing of this conference is excellent as there is a clear and evident need for a focused event looking at the rapidly changed retirement planning landscape and what can and should be considered.

“To bring together advisers, providers, commentators, politicians and regulators under one roof to share knowledge and experience and develop creative thinking on potential solutions and way forwards through 2015 and beyond will no doubt prove highly valuable and generate useful outcomes.”