Transforming the landscape

The consultation documents issued by the new coalition government will change the landscape of private retirement provision in the UK and will take centre stage in terms of focusing the adviser market. However, there are still important aspects in the current regime that require urgent adviser focus. Clients with benefits in occupational pension schemes (including Section 32 Buy Out policies) before 6th April 2006 form one such area. Under pension simplification legislation these clients can keep the tax-free cash rights of benefits accrued under pre A-Day occupational pension legisla...