Sadly, many people were made redundant in 2020 and often this isn’t the situation they would have wanted to find themselves in.
The tapering of annual allowance for high earners has been with us since 6 April 2016, but the parameters changed with effect from 6 April 2020.
Every quarter, our drawdown governance service calculates a new income sustainability score for your clients, based on what's happening in the market.
The FCA published policy statement PS19/21 in January 2019, setting out phase 3 of their plan to tackle some of the issues they’ve identified in the retirement market.
We believe that long-lasting relationships between advisers and their clients deliver the best results - and we have the customer research to back this up.