While brokers have been bombarded with queries about the pension freedoms that arrived on 6 April, advisory offices up and down the country have been veritable oases of calm by comparison. Here, five IFAs share their early experiences...
'He thought he could get another lot tax free' John Kirk, managing director, Edwards Financial Services Number of enquiries since 6 April: Two What were they about? Both about getting their money out. One I've agreed to because it's £20k and, well, it's a pain for everyone involved. The other's more complicated. I've told him what to expect in terms of the tax implications, and suggested it would not be a good idea. I'm hoping he'll go away and think about it. He'd already taken his lump sum and thought he could get another lot tax free. I do expect calls from some people who may...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes