Pension Advice

The biggest shake-up that pensions in the UK have experienced in over 60 years is claimed to be the A-Day. But many do not know what this is or how to prepare for it.
A-Day is the UK changes that were made to the pensions in April 2006 and the ideas behind it is to give choice and flexibility to everyone. This will simplify the rules of pensions and will effect work pensions and personal pensions. One of the changes was that the contribution to your pension is no longer limited so that means no maximum amount to your savings.
Everyone who has worked or is now working will be affected by these rules as well as anyone who wants to start a pension for the future. It is in your best interest to speak with a professional who is trained as a financial adviser for advice on how your pension as well as to make sure this person is registered with the FSA so he will give unbiased advice. You do not want to get advice from someone who is not duty bound. The new rules will also allow you to hold residential property in your fund as the greater flexibility will be part of your investments.