Freedom and Choice

The Budget has now confirmed that from April 2016 people who have already bought annuities on the open market will be allowed to exchange their pension pot for a lump sum.  Please click here for more information on this change in legislation

Please note that this change in legislation applies to Defined Contributions pensions (Personal Pensions) and does NOT apply to Defined Contribution pensions (Local Government Pension Scheme).

We have a factsheet (Freedom and Choice) on this for members of the Local Government Pension Scheme to read and this can be found here on our forms and documents page