G60 threat to pensions reforms may help IFAs

The question has been thrust into the spotlight again because of comments from pensions expert Steve Bee, Scottish Life’s head of pensions strategy, who has warned conference delegates of the tight scheduling of any changes to clients’ pensions that must be made on A-Day. Bee has repeated the point that any applications for protection – primary or enhanced – must be made on that day in April 2006 only, which leaves advisers in the position of having to potentially handle millions of pensions policies over a 24-hour period. Bee adds a third un-spoken option - that of doing nothing in...