with a £1.5bn cap on total pension contributions, the hnwis are going to look to life bonds to top up their retirement funds
Wherever we look these days, we are reminded that change is the only sure thing. And the financial services industry cannot expect to be immune from this. Following A-Day, there have been some major changes to the rules governing UK pensions. This means it is necessary to reconsider the options available to clients seeking advice on longer-term retirement planning. Like the unforeseen changes to the way trust arrangements are taxed, as implemented in the most recent Budget, the changes to UK pensions affect the flexibility and choice previously available to investors. However, the cri...
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