Planning for our clients' futures is what we do best at CDH. Pension planning therefore forms an integral part of our business. A pension should not be perceived as merely a 'pot' of money buried away for years to provide for your retirement. We perceive pensions as a long-term objective that requires prudent planning and constant monitoring and by doing so will allow us to keep you updated with the vast changes that happen within the pensions industry. In the last 5 years alone, we as an industry have had to compete with the onset of Stakeholder pensions, the Sandler review, and more recently the overhaul of pensions or 'Pensions Simplification/A-Day' as it was often referred to. The make up of pensions has altered dramatically to what they were 10,15, 20 years ago. Pensions have become far more flexible, the choices involved have become far greater and generally, have become far more 'client-friendly'.