Protect your rights

It may have escaped your notice but April 2008 was the twentieth anniversary of the launch of personal pensions. Without question the arrival of personal pensions changed the course of pension provision in the UK. Whether for better or worse is a continuing debate. However, one consequence of the introduction of personal pensions was the extension of contracting out to individuals with a defined contribution pension - including personal pensions. This in turn led to the creation of the "protected rights" market - which was encouraged by the availability of a 2% incentive added to the Nati...