With the retirement revolution just around the corner, Jon Gwinnett took part in a round table debate around the opportunities and challenges the changes will bring for the wealth management industry.

    With a panel of industry experts, a recent round table debate examined the opportunities and challenges for the wealth management sector arising from next month’s pension changes.

    Jon pointed out: "The changes should be excellent news for the wealth management industry. The new options and complexities, particularly around inheritance planning, make the changes both a useful tool and a huge opportunity for advisers."

    The discussion also highlighted the issue of consumer understanding and panel members debated whether consumers really understood what the pension rule changes meant for them.

    “The public knows that pensions are changing, and they know the headlines from the daily press, but the impact for them, the risks of longevity, of investment, or tax, are all shrouded in the fog of complexity which surrounds the changes. This makes the need for advice imperative," Jon said.

    The full discussion paper, 'Pension reforms and opportunities for the wealth management industry', can be downloaded below.

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