Abbey for Intermediaries has developed a pension simplification pack for IFAs in the hopes it will help them ensure clients are well-prepared for coming pensions legislation.
The pack, which will be available from 2 July, contains a guide on how to maximise business opportunities ahead of A-day. It also includes a summary of pending pensions simplification legislation as well as two case studies, highlighting two of the issues facing clients post-implementation of the new rules. Mike Brown, head of pensions and retirement at AfI, says: "According to the National Audit Office, up to 10,000 people could be worse off following pensions simplification - that's twice the number the government originally predicted - and experts predict that in total, up to 600,0...
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