Keeley Paddon: Pointers for advisers after NMPA pension transfer window closure

Normal pension age rising to 57

clock • 4 min read

Keeley Paddon explores HMRC's decision to scrap the age 55 to 57 pension transfer window and explains what it means for advisers and their clients...

As you are almost certainly aware, on the 3 November, the government made the shock move of closing the pension transfer window for those aged 55 to 57, with no notice.  Under initial plans, people affected by the change who transferred to a scheme with a 'protected' pension age' by April 2023 could gain access to their money at the old lower age. However, a barrage of industry criticism and calls for a rethink prompted the Treasury to announce that, unless you are currently in the middle of doing a pension switch/transfer, the option of doing this to still benefit from an age 55 thre...

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 Your Business

Funding an advice firm acquisition and what lenders really want to see

Funding an advice firm acquisition and what lenders really want to see

Lenders are not looking for a perfect firm

Simon Palmer
clock 29 October 2026 • 4 min read
Sell or grow? Navigating growth, succession and exit planning

Sell or grow? Navigating growth, succession and exit planning

Act, do not procrastinate

Roderic Rennison
clock 29 October 2026 • 3 min read
How advice firms can scale without losing their soul

How advice firms can scale without losing their soul

'I have seen first-hand how scale also introduces complexity'

Apiramy Jeyarajah
clock 26 October 2026 • 5 min read