Not all pension contracts will benefit from these rule changes; however, those that do will also be exposed to greater risks.
Whilst it is always better to seek professional advice before releasing any money from a pension, the government is introducing a free and impartial service to help people understand what their choices are and how they work. This service is called Pension Wise and it is the government’s intention to provide guidance via their website, over the phone or face to face.
It is important to remember they are only providing guidance and NOT advice.
Here is a link to their website – www.pensionwise.gov.uk/
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The whole experience was comprehensive and informative. I was never put under pressure, and the whole procedure was conducted professional, with feedback. Everything that I was told would be done was done in the time frame that I was advised of.
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I found Grove Financial advice helpful and informative in all stages of the (Pension Release) process, I would recommend the to any friends and family who needed impartial advice on financial matters.
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