Does Pension Simplification affect you?

The chances are - it already has.

The changes to the UK Pension rules which came into effect on 6 April 2006 (which is known as A-Day) has an impact on almost everyone. There will be some of you that will be no better off but no worse off either. But amongst those of you with existing pension schemes there will be winners, others risk losing out.

All pension arrangements, not just those started after A-Day, fall under the new rules.

It is vital that you consider the impact of new pension rules which have been in place since A-Day, wherever you are in terms of your pension planning. Only then can you know how you will be affected and if any action is needed. Action, either to protect what you already have, or enable you to benefit from the extra choices and flexibility on offer after A-Day - maybe both.

This section will help you work out where you are and; if you do need to take action, we will help you ensure you can get the right advice from the right adviser.