Updated adviser charging guidance released by HMRC

The rules state advisers can accept payments from a registered pension scheme if it is associated with the suitability of fund choice, asset allocation, pension provider, pension taxation or checking against statutory limits. Additionally, the rules state the advice could cover how to maximise income from the pension fund at retirement or "how to maximise the return on an existing pre-retirement pension fund". More general advice on the payment outcomes or risks of choosing the type of pension taken, for example scheme pension, lifetime annuity or drawdown, is also covered. HMRC s...