Pensions insight: Video interview with Richard Parkin

Fidelity International head of pensions policy

Julian Marr
clock • 1 min read

Fidelity International head of pensions policy Richard Parkin talks to Julian Marr about how advisers can help clients make the best decisions when accessing tax-free cash from their pension

Under the pension freedoms, taking tax-free cash before full retirement is proving very popular - so much so indeed that Fidelity data shows as many as three-quarters of those going into drawdown are simply taking their tax-free cash and leaving the rest of their pension pot invested. This short video interview, which follows up on some of the points Parkin raised in Six common mistakes people make with tax-free pension cash, takes a closer look at some of those potential errors - particularly: * Using tax-free cash ahead of other savings. * Taking more tax-free cash than is necess...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

FOS upholds complaint against Options Pensions over SIPP due diligence failure

FOS upholds complaint against Options Pensions over SIPP due diligence failure

Investment in unregulated Spanish business

Isabel Baxter
clock 04 February 2025 • 2 min read
FOS favours Pathlines Pensions SIPP clients in first post-rebrand cases

FOS favours Pathlines Pensions SIPP clients in first post-rebrand cases

SIPP operator failed to carry out due diligence, FOS finds

Jen Frost
clock 17 January 2025 • 2 min read
SIPP saga continues - FOS upholds four more complaints against Options Pensions

SIPP saga continues - FOS upholds four more complaints against Options Pensions

Complaints continue at what was formerly Carey Pensions

Isabel Baxter
clock 23 December 2024 • 4 min read