Advisers claim pension consolidation set to increase

Of 500 advisers surveyed by the company, 66% said they expect to see more pension transfer business post A-day, with just 6% thinking there will now be less opportunities. Skandia says pension consolidation has been a common theme in the run up to A-Day as advisers have been reviewing their clients’ pension arrangements to make sure they took advantage of the introduction of the new tax regime. Results of the research suggest the pension transfer market will continue to flourish following A-Day as consolidating multiple pension pots into a single plan allows advisers to reassess their c...