What have personal pensions learned from ISAs?

clock

While the amount of flexibility available in pensions has increased since the Budget is there room for more? Neil MacGillivray looks to the ISA world for inspiration.

Until this year's Budget, when it came to tax-incentivised saving schemes, personal pensions were often portrayed as the bad apple. Issues such as failed esoteric investments, pension liberation and ongoing negative legislative changes, such as the reduction in lifetime allowance, all contributed. On the other hand, ISAs since their introduction in April 1999 appear to be unblemished. So are there any lessons to be learned? Take the issue of investments that can be held. ISAs have a permitted investment list, which over recent years has been expanded to include the likes of Alterna...

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 Pensions

Devilish details: Protection and the abolition of the LTA

Devilish details: Protection and the abolition of the LTA

'There are a number of subtleties to be aware of'

Thomas Coughlan
clock 22 March 2024 • 8 min read
L&G Retail launches adviser handbook on later life divorce

L&G Retail launches adviser handbook on later life divorce

To help support advisers dealing with clients going through a divorce

Jenna Brown
clock 21 March 2024 • 1 min read
New occupational scheme launches; BSPS rescue proposals set out

New occupational scheme launches; BSPS rescue proposals set out

Former British Steel workers will be able to ‘reverse transfer’ their pots

Jonathan Stapleton
clock 14 March 2024 • 2 min read