A Sipp firm says it has seen a shift in adviser focus away from pension freedoms as the dust begins to settle post April.
Suffolk Life analysed technical queries and found that financial advisers have been broadening their focus beyond the new pension freedoms rules when considering solutions for their clients.
In the six months leading up to the changes pension freedom related queries made up almost three-quarters of those received. However, since the rules took effect, there has been a marked switch and rules-based queries now form the basis for fewer than half of the discussions.
Paul Evans, pension technical manager at Suffolk Life explained that the nature of conversations is also changing.
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He said: "Before the changes, many of the discussions were at a high level, as advisers wanted to understand the new rules and formulate their own wider view of the market that would exist, post April.
"However, since the new rules have come into play, these same advisers are much more in solution-mode, looking to prepare their recommendations and place business.
"Consequentially, there is more variety in the nature of discussions, as advisers deal with pension rules, both old and new."
The company said succession planning continues to be a popular area for discussion, forming the basis for almost a quarter of enquiries.
Mr Evans said: "It is understandable that this area continues to prove popular. The new rules present a real opportunity for many clients to pass on unused pension funds in a tax efficient way when they die.
"Advisers want to ensure their clients' wishes are represented correctly in recommendations.
"Additionally, they understand the importance of providing ongoing reviews, to ensure nominations continue to match client requirements, either where there is a change in circumstances, or to consider the tax position of potential beneficiaries, where the client is likely to live beyond age 75."
Sipp firm: Adviser focus shifts away from pensions
