Pensions are rarely out of the news at the moment, and it’s clear to see why. Never straightforward, they are becoming increasingly complex – thus forcing the modern offshore pensions’ adviser to, it would seem, possess a combination of 360-degree vision, a historian’s skill at analysing the past, and a fortune teller’s ability to predict future legislation.
Curve balls are swinging in from all directions, as goalposts move faster around the pitch than an Olympic sprinter.
While all of this is going on, it is worth giving a thought to a key but sometimes overlooked element of UK pensions that is starting to crop up with increasing regularity in discussions about pensions management: liquidity.
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About the author: Christopher Lean is a consultant at Square Mile Financial Services (www.squaremilefs.com) and an Associate of the Personal Finance Society (Chartered Insurance Institute).