Scottish Life launches retirement age change guide for IFAs

The minimum age at which someone can begin to decumulate their pension savings is currently 50, but will rise to 55 from April 6 next year. Scottish Life is providing support to advisers, including case studies, planning tools and client facing materials to help them handle the needs of affected clients. The change will have a major impact on those aged 49 to 54, as they may be able to begin accessing their pension entitlements before April 6 2010, but will be forced to wait up to five years if they delay. Scottish Life says this the next few months will be challenging for clients,...