SOFA set to target income drawdown

The Society of Financial Advisers (SOFA) is to give more focus to key issues like income drawdown an...

The Society of Financial Advisers (SOFA) is to give more focus to key issues like income drawdown and investment strategy in its training courses. Peter Williams, Sofa chairman, said there were a number of issues causing concern among financial advisers with income drawdown a key area. He said: "IFAs have to take a realistic approach with retiring clients. They can no longer default to a particular product." Issues arising from the growth of alternative income vehicles are cause for concern, Williams said. He said: "One of the big things that worries me is IFAs' understanding of issues ...