Andy Woollon: Why pension planning should be a family affair

The end of the tax year is a good opportunity for advisers to reinforce their value to clients, especially when it comes to intergenerational planning. As ageing baby-boomers look for ways to pass on their wealth, demand for intergenerational planning is likely to grow - and a junior pension is one of the simplest ways clients can pass on their wealth, mitigate their inheritance tax (IHT) bill and help a loved one grow their savings. Every child is eligible for a pension from birth. Although plans are required to be taken out in the child's name, anyone can contribute - grandparents, ...