IFAs now have less than 698 days, 11 hours, 58 minutes and 31 seconds to get their act together and prepare for pensions simplification introduction, according to the Scottish Widows' pensions simplification countdown clock.
The clock is actually part of Scottish Widows pensions simplification IFA extranet which looks at issues intermediaries will need to know and prepare for ahead of the new pension simplification legislation.
Other information on the pensions simplification site has been created to work as a 'one-stop' documents shop for advisers looking for answers to different technical aspects of pensions simplification.
It offers a breakdown of the main documents released by the Inland Revenue and the Department of Work and Pensions, as well as provide IFAs with Scottish Widows' own interpretation of the papers.
Advisers looking for an answer to a specific question - which is not clear within existing documents and analysis - can also e-mail Scottish Widows' pensions specialists, and receive an answer within the next 24 hours.
For frequently asked questions, such as 'A lot has recently been written about ‘Pensions Simplification’, but when will it actually happen?', the site offers some already written answers.
Intermediaries can also play 'Catch the White Paper game'.IFAonline
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