From 6 April 2010 the minimum age that pension benefits can be taken rises from 50 to 55.

For many people this change could well have a significant impact on their retirement plans as they may not be able to access their pension benefits when they want. And many don't even realise this fact.

Plus, there is no transitional period, so this seemingly small change could have severe consequences for their retirement plans.

What does this mean for you?

For clients between the ages of 49 and 54 this could have a huge impact. If you don't act before 5 April 2010 access to your pension benefits will be restricted.

If you think you are likely to be affected we would encourage you to review your finances as soon as possible. We can also ensure you've got the right pension vehicle to suit your needs.

Our advice is to act sooner rather than later.

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