A mixed blessing

A-Day regulation was intended to simplify pensions and bring much needed flexibility to the regime. As the first anniversary passes it is a great time to look back and rate the regulation's success. There are indeed many positives to the new regime - people joining schemes for the first time have the benefit of clearer rules in areas such as contributions and tax free cash as well as increased flexibility. In addition to this the run up to A-Day was beneficial in that it demonstrated the industry's ability to take on board the vast amount of new requirements and prepare for the new regime...