The next in our series looking at cases advisers may encounter sees Andy Zanelli, Axa Wealth head of technical sales, dissect Section 32 pensions after the end of protected rights.
It is a well-publicised fact that protected rights are to be abolished from 6 April this year. On the face of it, this is a simple change but there are a number of quite specific areas where advice has been given in the past that may need to be reviewed. Section 32 One area to consider is around any Section 32 (S32) contracts, previously a popular transfer vehicle to consider. A good number of these still exist. For any client that was thinking of transferring benefits from a final salary scheme in the past there were a number of options to consider. A number of factors contri...
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