Today the Government gave a clear green light to the radical rewriting of the pension rule book. The Government response to the 2015 ‘freedom & choice' consultation delivers on the Chancellor's Budget promise of much more Defiined Contribution pension flexibility and provides further detail on some of the changes in store from next April. Advisers can now start planning in earnest to ensure clients make the most of this new pension freedom when it comes.

Good Afternoon Everyone

Box Financial Planning is pleased to announce that shortly after launching we already have out first clients and the excellent opening offers are quickly being claimed.

But that doesnt mean that work has stopped!

There are many things in life which can cause us problems – but equally, a well thought out financial plan which is then reviewed on regular basis, can often mitigate a lot of life’s financial problems.

The proposed ‘retirement income’ changes contained in the Spring Budget, have made pension planning very different, to what it has historically been.

Historically, for those with smaller pension pots, an annuity was seen as the ideal, no risk solution. The returns may not have been stellar, but they did provide a solution. For those with larger pension pots and prepared to take some risks, drawdown was a potential solution.

The budget however, will totally change this.