Pension savers urged to move quickly to protect benefits

The firm says the Chancellor's decision to freeze the Lifetime Allowance at £1.8m, revealed in the Pre-Budget Report, means many more people may wish to consider applying for enhanced protection. For those who have made no contributions into their scheme since A-Day can apply for enhanced protection, and the decision to freeze the allowance means many may wish to consider this option. Rowanmoor says pension protection must be completed by 5 April 2009, and those with large pension funds could face hefty tax bills if they do not move quickly. "The freezing of the Lifetime Allowance mea...