A-Day may have boosted the offshore market

According to Scottish Equitable International (SEI), advisers are beginning to look increasingly at the offshore markets to complement existing pension arrangements. Steven Whalley, head of marketing at SEI, says there are three broad areas around the A-Day changes where offshore and pensions could coincide for certain people such as: Those who have reached their Lifetime Allowance of £1.5m; Those wanting to retire before the age of 55 (the new minimum pension age), and Those who wish to contribute more than the annual earnings limit of £215,000. He says for these people offshor...