Rachel Vahey: Advisers and clients still need clarity on NMPA increase

One thing you can say about the pensions world is that it never stands still. It is forever changing. Some rule changes happen relatively quickly – the introduction of pension freedoms and the abolition of the lifetime allowance (LTA) spring to mind, both were implemented within roughly 12 months of being announced. But some changes have a lead in time of years (and sometimes decades). The increase in the normal minimum pension age (NMPA) is a case in point. As you know the NMPA is the minimum age someone can usually access their savings from a registered pension scheme (although sche...