ASP debate

Dear Editor, There has been much debate about ASPs recently, particularly surrounding the inheritance tax treatment and unauthorised payment charges on transfer lump sum death benefits that were announced in the pre-Budget report. However, research we have done shows that 78% of advisers we questioned still intend to recommend alternatively secured pensions (ASPs) despite these charges. Importantly though, the vast majority (70%) will only recommend them to a few appropriate clients with just 8% saying they will recommend them to all clients. The research shows that ASP is a niche fin...