I like working in pensions. This completely amazes people who are not connected with the industry, but it's true. Part of what I like is that things are constantly changing and there's always something different to talk about.
Sometimes, though, this constant change can be very annoying, especially when it’s about things that are already there or well-established. This struck me this week, when three different changes were doing the rounds of the pensions rumour mill. The first one was ASP, the after 75 drawdown option, supposedly only introduced for those who have religious objections to buying an annuity (a very effective recruitment drive for the Plymouth Christian Brethren, if you ask me). The government, in the shape of Ed Balls, has been making comments about tax avoidance and restricting ASP to only those...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
