Posted: 21/07/20 by Wealth and Tax Management
The FCA is introducing new rules for advising on final salary pensions with effect from 1 October.
What this will mean will be that it will be all but impossible to transfer a final salary pension into a personal pension after that date. So if you have a private sector final salary pension scheme, and you are no longer a contributing member of that scheme, you should seriously consider getting your pension reviewed. This will enable you to make an informed decision whether to remain in the scheme or transfer it into a personal pension.
The rules will be so onerous, and the cost so high, after the deadline date to make it extremely difficult to obtain advice on the subject. To help you to make an informed decision whether or not to get your final salary pension reviewed, register for Wealth and Tax Management’s webinar on 23rd of July at 10am. You know it makes sense.
Register here - https://attendee.gotowebinar.com/register/9053392345519426315