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...

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

Why the real problems of the pensions dashboard are yet to start

Why the real problems of the pensions dashboard are yet to start

'Its aims seem not only less relevant but potentially problematic'

James Floyd
clock 23 June 2025 • 5 min read
Turning data into dialogue: Helping clients visualise retirement realities

Turning data into dialogue: Helping clients visualise retirement realities

'Data is more than just a collection of figures, it's a powerful tool for engagement'

Joshua Croft
clock 20 June 2025 • 3 min read
Average pension transfer took just 11 days at tax year-end

Average pension transfer took just 11 days at tax year-end

Origo says transfer times decreased around tax year-end with half taking seven days or less

Jasmine Urquhart
clock 17 June 2025 • 2 min read