The perfect retirement plan

With Sipps on the increase, how can clients pick out the right option?

With the rapid growth of the Sipp market and more pensions products than ever, advisers face a much wider choice when seeking the most appropriate scheme for their clients Occasionally, IFAs even have to make counter-intuitive decisions for a client during retirement planning. Tom McPhail, head of pensions research at Hargreaves Lansdown, said the key to avoiding compliance issues related to such unusual choices, is to insure the decision-making process is well documented. "IFAs must demonstrate at the time and in retrospect their thought process behind making the decisions," he added...