Reducing Tax on Lump Sum Pension Withdrawals
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Change happens a lot in this profession. People will try to inspire you by saying change brings opportunity, but the truth is it is disruptive. Aside from the constant tweaking that happens, RDR was the last big change. It was ultimately beneficial as it created the foundations of a recognised profession and everyone still practicing has adapted well to the landscape it uncovered. There is potentially more change on the horizon, and where RDR changed us professionally, the Financial Advice Market Review (FAMR) could bring massive changes to us commercially, and for the better potentially.