EY: Rich or not - all retirees will need help deciding what to do
19 March 2014
"The introduction of free guaranteed impartial face to face guidance is going to be crucial if the increased choice for consumers is to be a success, but it may be difficult to deliver within 12 months. The RDR has seen thousands of advisers exit the market since 2010 and there may just not be capacity."
"It also looks like the burden of providing this guidance for free is going to fall to the industry – the FCA will be keen to make sure the rules around independence are clear and the question of whether this guidance needs to be outsourced will no doubt be hotly debated."
For more information on the 2014 Budget, visit the EY 2014 Budget page.