Protected rights: Where are the planning opportunities?

clock

With the forthcoming abolition of Protected Rights, Adrian Walker explains what the key advice issues for clients could be as a result of this change.

Millions of people would have built up sizable pension savings over the years through ‘contracting out' of the state second pension (previously SERPS), known as ‘protected rights'. The way in which benefits can be provided from protected rights savings will change on 6 April 2012 such that all money purchase savings will have the same benefit rules applied to them. This change will create significant advice issues for clients approaching retirement. In many, but not all cases, clients will benefit from delaying taking their retirement income benefits until after 6 April 2012. A sum...

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 uncategorised

Women in Financial Advice Awards 2026: Nominations close today!

Women in Financial Advice Awards 2026: Nominations close today!

Awards to be held at Hilton Bankside in London

Professional Adviser
clock 08 May 2026 • 1 min read
'Quality is the golden thread' – why Benchmark won Best Advice Network

'Quality is the golden thread' – why Benchmark won Best Advice Network

PA Awards 2026 winner shares secrets to success

Professional Adviser
clock 29 April 2026 • 3 min read
Editor's message: When new beginnings come together

Editor's message: When new beginnings come together

Professional Adviser will be back on Tuesday

Jen Frost
clock 02 April 2026 • 1 min read