Plenty of room for IFAs in the pensions arena

The pensions taxation consultation paper was hardly unexpected but its contents were. The depth and breadth of its proposals leave intermediaries with plenty of scope to give advice but there are an awful lot of pension fundamentals that are going to have to be relearned. In essence, if the contents of the paper remain unchanged through the legislative process, the UK will have only two basic pension products, defined contribution or defined benefit. Within defined contribution plans will be the variants of personal pensions from the top end, such as Sipps and drawdown, down to stakeholder....