Govt closes pension switching window to halt 'rogue advisers'

Linked to minimum pension age increase

Holly Roach
clock • 6 min read
The normal minimum pension age is rising from 55 to 57 from 6 April 2028
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The normal minimum pension age is rising from 55 to 57 from 6 April 2028

The government has closed the window of time during which people can join a scheme that offers a protected pension age of 55 with no prior warning, saying an announcement on the issue could have caused market turbulence.

In its Finance Bill 2021/22 - published today (4 November) - the government announced savers will be stopped from switching to a new scheme with a protected pension access age of 55. The bill includes...

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