What you need to know about the Budget

The dust is beginning to settle after the most significant pensions Budget in history. After the initial shock, thoughts and action are now turning to the immediate challenges advisers and clients face between now and next April, as well as what the new world will look like. In both cases the market seems likely to split into three distinct segments according to size of pot. Many people with small pension pots will be attracted to a lump sum rather than receiving a small monthly income. However, those wanting to take their lump sum now may not be able to. It is likely many providers a...