Was this the day advice proved its mettle?

Was this the day advice proved its mettle?

Scott Sinclair
clock

Providers scrambled to answer 40 calls per minute on 6 April, while advisers were playing 'rock, paper, scissors' to determine whose coffee run it was...

    Oh to have been a fly on a wall in an advisory office on 6 April - a day of historic proportions in the world of pensions. How quiet it would have been, how bleedin' dull. The day represented arguably the biggest ‘cliff-edge' in pensions legislation history. One minute (that'll be 23:59 on 5 April), pensioners were fairly limited in their retirement options; the next they could cash in their savings, book that flight on Virgin Galactic and to hell with the consequences. Retirees were warned against doing anything rash, of course, but phones were still expected to be ringi...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Defensive income before retirement: A four layered framework

Defensive income before retirement: A four layered framework

Entering decumulation can be an unsettling time for clients

Joe Simpson
clock 10 August 2026 • 4 min read
The FCA's decumulation challenge: Can UK REITs help deliver sustainable retirement income?

The FCA's decumulation challenge: Can UK REITs help deliver sustainable retirement income?

A look at the three Ss of retirement income

James Peel
clock 04 August 2026 • 7 min read
What the decumulation shift means for advice firms, and how the best are responding

What the decumulation shift means for advice firms, and how the best are responding

'Technology is part of this picture in ways that are worth being honest about'

Andy Zanelli
clock 14 July 2026 • 4 min read