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Since the death benefit rules changed back in 2015 as part of the Pension Freedoms we have seen a significant fall in the use of bypass trusts.

The first Monday back after the Christmas break has come to be known as “Divorce Day” – this year it fell on 4 January.

This time two years ago I wrote about when not to use the pension annual allowance. This year this is particularly pertinent.

This month we celebrate 15 years since pension simplification was introduced – Happy Crystal Anniversary all!

The Treasury recently released its consultation paper on how the increase in normal minimum pension age (NMPA) is implemented. We have known for several years that the increase from age 55 to 57 was planned to take effect from 6 April 2028, so there is no surprise in the increase itself.

The take up of Pension Wise appointments remains stubbornly low and the FCA’s recent paper “The stronger nudge to pensions guidance” is the latest in a line of initiatives designed to increase take-up.

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