Fixed protection dash predicted after Budget drawdown change

As part of radical reforms to retirement income George Osborne confirmed that from 27 March the GAD uplift will increase from 120% to 150%. However, Dentons warned the new uplifted GAD could result in more people needing to apply for fixed protection, leaving advisers just a two week window to take action. Dentons director of technical services Martin Tilley explained the shift to 150% would probably become effective from the first pension year anniversary following 27 March. He told Professional Adviser: "However, it will be a temporary measure only, as if the proposals to permit ...