Crystal clear reforms

Jonathan Watts-Lay, Director, WEALTH at work, spoke to Pay & Benefits about how the pension changes are likely to lead to many questions for businesses.

“People may want to withdraw money from their pension without retiring and that has a number of issues around it,” Jonathan Watts-Lay said.

Jonathan Watts-Lay continued “Employers need to be crystal clear about what employees can and cannot do in the scheme. And if they cannot do it in the scheme, what happens?”

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