Have you got a client like this?

There are many things happening in the world of financial planning in 2012 and one that will need a great deal of thought and planning is the reduction of the lifetime allowance to £1.5m, which takes effect next month. This is a good opportunity to have another look at those who were affected by the initial implementation of a lifetime allowance at A-Day in April 2006. For many people, there are two options to protect their existing pension benefits – enhanced and primary protection. The scenario Clients who elected for enhanced protection and have dormant primary protection have: ...