Bethany Joslyn: Keeping it in the family

Pension freedoms brought major changes to the options available for paying pension death benefits from defined contribution (DC) schemes. These changes introduced a great deal of flexibility and opened up new avenues for intergenerational planning, but they do add further choices at a time where clients are often most vulnerable. This article outlines how a pension can be passed down through generations and some of the key planning points to keep in mind. How it works Thanks to changes introduced from 6 April 2015, more people than ever can now choose to receive death benefits i...