The Government has announced that from April 2018, savers whose small pension pots have a guaranteed annuity rate (GAR) will no longer be required to seek advice before transfer. It's estimated that as many as 12,000 people a year could benefit from this rule change. Currently anyone with a pension pot worth less than £30,000 that has a GAR attached needs to seek financial advice before transferring. In future a warning document will be issued to the scheme member giving them information about the key benefits they will be giving up by transferring out.