Jo Smith, consultant at Teamspirit, explains exactly what the pre-Budget report means for pensions ahead of A-Day as well as the implications and remedies now for both clients and intermediaries.
One week on, is the dust is beginning to settle following the chancellor’s bombshell pre-Budget announcement on pension investments? In general, the industry seems to have a degree of sympathy over the move. But the reality is the implications stretch much further than the wealthy individuals who the chancellor has decided would be the undeserving beneficiaries. There are dramatic implications for advisers, providers and the under-pensioned consumers out there too, particularly when we overlay this dramatic u-turn with the publication of the Pension Commission Report just a few days befo...
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