Lisa Webster: Enhanced protection issues linger on

Overcoming anomalies

clock • 3 min read

Lisa Webster looks at the issues surrounding enhanced protection, which she says have been lingering since A-Day...

It's 17 years since I joined this industry in the run-up to A-Day and pension simplification. I recall colleagues explaining to me how much more straightforward things were going to be under the new system and feeling grateful that I didn't need to understand all the intricacies of the old world. Of course, we all know what's happened since, but 16 years on since the introduction of the lifetime allowance (LTA), and in particular enhanced protection, there are still anomalies that crop up from those original A-Day changes that can cause hiccups in the planning process. There are some ...

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

Government confirms no compensation for WASPI women over state pension age changes

Government confirms no compensation for WASPI women over state pension age changes

DWP finds communication delays did not amount to financial loss

Martin Richmond
clock 17 December 2024 • 4 min read
FCA targets pension transfers and SIPPs in major review

FCA targets pension transfers and SIPPs in major review

Regulator launches review of DC pension rules

Isabel Baxter
clock 13 December 2024 • 4 min read
Why wait for targeted support? Industry can build client confidence now

Why wait for targeted support? Industry can build client confidence now

'The power of compound interest should not be underestimated'

Andrew Tully
clock 10 December 2024 • 3 min read