Interaction: State benefits and pensions freedom

A big concern for advisers during the advice process is to ensure that recommendations provided do not cause the client to be disadvantaged in relation to state benefits. This is a key area for consideration when providing advice to those approaching retirement, making a decision to retire, or are post-retirement when income is likely to be lower than during the years of work, as well as pre-retirement should health or personal circumstances dictate. At this time, the effect of pension funds and whether crystallisation has or should, take place will have a material effect on the clien...