Difficult decisions: Pensions freedom technical issues begin to surface

Pensions freedom technical issues begin to surface

clock

Advisers are dealing with some sticky technical issues associated with pensions freedom and choice, writes Claire Trott

I have been out and about talking to advisers quite a lot recently and although the pension reforms are generally well received, there are issues that advisers are coming across that mean their clients and probably many like them without an adviser are experiencing, which means they can't access the freedoms or are having to make difficult choices. One problem that I come across on a regular basis is that of scheme specific tax-free cash protection. As you will remember, the member did not have to do anything to register for this protection. The theory is that the scheme will keep ...

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 Pensions

MPs warned against changes to salary sacrifice pensions

MPs warned against changes to salary sacrifice pensions

SPP says scrapping salary sacrifice would lead to reduction in employees’ take home pay

Martin Richmond
clock 07 November 2025 • 4 min read
'It's a real fee-souper': Why clearing the fog on SIPP charges is now a strategic necessity

'It's a real fee-souper': Why clearing the fog on SIPP charges is now a strategic necessity

'Selecting a SIPP provider should require a strategic inquiry into their fee structures'

James Floyd
clock 05 November 2025 • 4 min read
HMRC repays £48.5m in overpaid pensions tax in third quarter of 2025

HMRC repays £48.5m in overpaid pensions tax in third quarter of 2025

Analysis finds savers have recouped more than £1.5bn since 2015 introduction of pension freedoms

Martin Richmond
clock 03 November 2025 • 4 min read