Pension reforms boost 50% of adviser firms

Pension reforms boost 50% of adviser firms

More than half, 53 per cent, of adviser firms have said they have already seen a positive effect on their businesses as a result of the pension reforms, research from FundsNetwork has shown.

Some 47 per cent believed that the main benefit was an increase in the number of enquiries on at-retirement options.

FundsNetwork’s new adviser research surveyed more than 200 advisory firms on the pension freedoms and the effect it has had on their businesses and the wider advice industry.

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However, 42 per cent of advisers said they have yet to feel the benefits of the reforms.