More than half of advisers - 55% - believe there will be fewer than 65 self-invested personal pension (SIPP) providers operating in two years' time and 41% think the total could fall to lower than 50, according to Dentons Pension Management.
Taking a hefty tax charge on the chin might be the right decision
Almost half of pension holders who are over or near their lifetime allowance (LTA) threshold have not yet taken any action to prepare for the limit reductions due to be introduced in April, a survey has found.
The potential reform of pensions tax relief could provide several opportunities for advice.
Colin Batchelor, head of pensions technical at Legal & General Savings, explains how to protect your clients’ pension pots from the upcoming lifetime allowance reduction.