Claire Trott: Safeguarding 'enhanced protection' for pension clients

Protecting the protections...

clock • 4 min read

Claire Trott looks at the pension protection regime in her latest article for PA. She urges advisers to carefully monitor clients hard-won enhanced protection and follow strict rules to keep it in place

We are now in a situation where there are seven lifetime allowance protections in place, with only two that are still available to those that qualify, but those can only give you a lifetime allowance of up to £1.25m. This just makes it all the more important to ensure that protections your clients may hold remain in place. The best protection is enhanced protection (EP) but it is also one of the easiest to lose if you aren't careful or if you are just unaware. According to legislation, the ways in which EP is lost is if any of the following occur after 6 April 2006: Relevant b...

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