Adrian Boulding: Pensions Advice Allowance a real opportunity for workplace retirement advice

On 30 August 2016, HM Treasury launched a consultation seeking the industry's views on its proposed £500 tax-free ‘Pensions Advice Allowance'. This had initially been signposted in the Financial Conduct Authority's Financial Advice Market Review (FAMR), which was published just two days before George Osborne's last budget, on 14 March 2016. This Budget also declared that the Treasury would increase the tax exemption for employer-arranged pensions advice from £150 to £500, and remove the ‘cliff edge' that meant that, if an employer spent more than £150 on advice for each workplace pension...