Difficult decisions: Pensions freedom technical issues begin to surface

Pensions freedom technical issues begin to surface

clock

Advisers are dealing with some sticky technical issues associated with pensions freedom and choice, writes Claire Trott

I have been out and about talking to advisers quite a lot recently and although the pension reforms are generally well received, there are issues that advisers are coming across that mean their clients and probably many like them without an adviser are experiencing, which means they can't access the freedoms or are having to make difficult choices. One problem that I come across on a regular basis is that of scheme specific tax-free cash protection. As you will remember, the member did not have to do anything to register for this protection. The theory is that the scheme will keep ...

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

Interconnections: SIPP/SSAS taxable property

Interconnections: SIPP/SSAS taxable property

The consequences of holding taxable property in a SIPP or SSAS can be onerous and will offset the tax advantages offered by such a pension solution, warns Caitlin Southall

Caitlin Southall
clock 12 May 2025 • 4 min read
Savers can draw down target retirement income for just 11 years

Savers can draw down target retirement income for just 11 years

Report exposes retirement income gap

Jenna Brown
clock 08 May 2025 • 3 min read
State pension nears tax threshold – how can the government fix it?

State pension nears tax threshold – how can the government fix it?

'While policy change would be welcome, individual action is just as crucial'

Laura Suter
clock 06 May 2025 • 4 min read