Majority of IFAs against early pension access

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Only one in ten advisers thinks there should be early access to pension funds for any reason, a Rowanmoor Pensions poll says.

Last week, speculation grew as Adrian Boulding, pensions strategy director at Legal & General, told of growing rumours the Treasury will launch a consultation into allowing early access. There has been some positive reaction to the possible move, with LV= head of pensions Ray Chinn saying allowing people to access some of their savings early if they need it will persuade them to save more. However, Rowanmoor's head of pensions technical services Robert Graves (pictured) says: "Our own poll shows a less than enthusiastic reception to the plans, with a third of advisers who responded sa...

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