IFAs confident over A-Day reforms – survey

Nearly two-thirds of UK IFAs polled by Prudential are confident that the forthcoming pension reforms will help boost their business.

The results of the survey, reported by IFAonline, indicate that 63% of advisers polled by the insurance group see the ‘A-Day’ reforms as a likely boost for the UK pensions market.

Some 66% of those surveyed believe that their patronage will increase by up to 10%, the report says. More impressively, 3% of IFAs are predicting a growth in business of 50% or more.

Prudential has launched a range of online resources to aid IFAs to better prepare for the A-Day changes, which are to occur on April 6, 2006.