Pension lifetime allowance change could hit performance says Dentons

Dentons Pensions Management believes those who have experienced a good rate of investment return over the years could see their funds penalised by the reduction of the lifetime allowance from 1.8 million to 1.5 million, which comes into effect on 6 April 2012. Martin Tilley (pictured), director of technical services said: "Individuals who have drawn benefits post A-Day are retested at age 75 against the lifetime allowance. Some, who have experienced good investment performance, might have a problem particularly with the lifetime allowance reducing to £1.5 million from April. This is a st...