What advisers need to know about the pension projection changes

As auto-enrolment arrived, complete with celebrity advertising, some quieter regulatory changes were being put in place in the background. The emphasis of these changes was on customers having a better understanding of what they may receive in retirement and to plan accordingly. Here, we examine the potential impact of these changes both on the customer and the adviser. What are the changes? During the past 12-18 months, a number of changes have been put in place for the regulatory projections regimes, which impact both pension illustrations and statements. The changes affect both s...