Pension Changes In 2015

[dave50]

Does anyone know if pension companies will be writing to all their pension holders before April to inform them of their options?

[Old_Geezer]

I would suspect they only spend money writing when necessary. Could be an individual company decision but my guess would be to write to holders when they were going to anyway, but with the most up to date data ?

You can always contact them.

[buildersmate]

I agree.
They are not going to promote this, as they are going to get absolutely swamped with enquiries come early April, whether they prompt it or not.
Furthermore it is plain to me that they aren't going to be able to cope with the temporary demand for this - so don't run your finances down to the last penny during late March.
The paper will eventually latch onto this as a 'story' and politicians like Milliband who will try and make trouble for the Government in its final days.

If you've got a couple of low value policies that fall below the current thresholds and are over 55, you may want to consider starting the process of withdrawing these now - there has been this option (subject to capped constraints) for several years now.

Otherwise my guess is June before the peak load gets responded to.

Many companies have (deliberately, in my view) not announced how partial withdrawals and costs will work.

[bednobs]

i had a leaflet with my payslip this month

[buildersmate]

I always had thought you worked in the public sector, bn

[Hymie]

To all of you hoping to cash in some of your hard earned pension over the next few months, this article from the daily telegraph suggests you might have to delay ordering your Lamborghini for a while yet.

http://www.telegraph.co.uk/finance/personalfinance/pensions/11370936/Most-savers-will-be-blocked-from-cashing-in-pensions.html