Pension freedoms

Pension freedoms guidance:

FORTHCOMING DEVELOPMENT: On 30 July 2019 the Financial Conduct Authority (FCA) published a Consultation Paper CP19/25: Pension transfer advice: contingent charging and...

Practice Note

What is an insistent client? The term ‘insistent client’ is commonly used to describe an individual who has received advice (ie a personal recommendation) and chooses to...

Practice Note

This Practice Note focuses on the meanings of 'flexible benefit', 'safeguarded benefit' and ‘safeguarded-flexible benefit’ for the purpose of the pension freedoms...

Practice Note

Before 6 April 2015, defined contribution (DC) pension pots could, generally speaking, only be used to buy a lifetime annuity, a scheme pension, drawdown or be converted...

Practice Note

On 6 April 2015, pension freedoms were introduced enabling individuals entitled to flexible benefits (effectively, money purchase benefits or cash balance benefits) to...

Practice Note

FORTHCOMING DEVELOPMENT: In July 2019 the Pensions Administration Standards Association (PASA) DB Transfers Working Group released ‘Defined Benefit Transfers: A Guide to...

Practice Note

Since the introduction of the pension flexibilities on 6 April 2015, changes have been made to legislation and the rules of the Financial Conduct Authority (FCA) Handbook...

Practice Note

FORTHCOMING DEVELOPMENT: Section 19 of the Financial Guidance and Claims Act 2018 requires the Secretary of State to make regulations that will compel trustees and...

Practice Note

With effect from 6 April 2015 (when the pension freedoms were introduced), provisions were inserted in legislation and the rules of the Financial Conduct Authority (FCA)...

Practice Note

With effect from 6 April 2015 (when the pension freedoms were introduced), provisions were inserted in legislation and the rules of the Financial Conduct Authority (FCA)...

Practice Note

THIS PRACTICE NOTE APPLIES IN RELATION TO FLEXIBLE BENEFITS As part of the pensions freedoms (also known as pension flexibilities) introduced on 6 April 2015, all scheme...

Practice Note

THIS PRACTICE NOTE APPLIES IN RELATION TO FLEXIBLE BENEFITS ARCHIVED: This archived Practice Note provides information on the pensions guidance that was provided by...

Practice Note

ARCHIVED: This archived Practice Note provides information on the standards applicable in respect of the Pension Wise guidance service before 1 January 2019, including...

Practice Note

FORTHCOMING DEVELOPMENT: In July 2019 the Pensions Administration Standards Association (PASA) DB Transfers Working Group released ‘Defined Benefit Transfers: A Guide to...

Practice Note