Pensions ‘most enquired about sector’

Posted 2008-04-29

Pensions are the most commonly enquired about sector for consumers to seek independent advice on, reports an expert.

IFA Promotions has said that this may change in the current climate, with more people asking about mortgage problems.

David Elms, the chief executive of the organisation, said that its enquiries come from a wide variety of people who are typically "middle-to-top" income levels.

Since the pension reforms of so-called A-Day, on April 6th, the number of enquiries in this area has risen.

"Demand for pension advice rose at A-Day, and remains higher than it was previously. Savings and investments come second, mortgages come third, and then the rest," said Mr Elms.

He went on to describe the current mortgage market as "volatile", adding: "It would seem reasonable to assume that mortgage advice is going to be valued more in current conditions".

A-Day was when the UK pension rules were changed to allow investors to be a member of a company pension and a private scheme at the same time.

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