As Professional Adviser celebrates its 21st birthday, pensions expert Claire Trott looks at how the tax wrapper has progressed since 2001, including all the ups and downs...
2001 was about the time I entered the industry, and we were knee deep in pensions and FSAVC review, this was a baptism of fire learning about all things defined benefits vs personal pension and calculating redress of tens of thousands of pounds on a daily basis. It was a great way to understand how not to advise on defined benefit transfer. Clearly, I wanted to do better and so took all my exams and qualified to give advice myself. This was a bad time for the pensions advice profession and we have to say that not all advice was bad, but it tainted even those that were giving good advice ...
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