Platforms won't solve A-day consolidation issue

A-Day rules state people who are entitled to more than 25% tax-free cash through their defined contribution occupational pension schemes could lose their entitlement if they want to move their benefits into just one plan. This means pension plan holders effectively have the choice between consolidation of their pensions at the risk of reducing their tax-free cash entitlement, or more tax-free cash but with a potentially smaller investment range to choose from. However, Skandia claims if clients transfer their existing schemes onto a platform the schemes will legally be defined as separat...