Pensions - Articles - ABI comment on Daily Telegraph story on pension freedoms


In response to the Daily Telegraph article published surrounding the pension freedoms, the ABI said in a statement:

 "In light of Daily Telegraph story on 6 June, the ABI reiterates that insurers support the pension reforms and have worked round the clock to ensure that they are implemented as smoothly as possible. All insurers offer full withdrawal of the pension fund as a lump sum, and most offer different options such as drawdown or lump sums. The options available will depend on the pension scheme and a customer’s circumstances, and customers can transfer out to flexible products. This is why providers are encouraging people to contact the free, impartial Pension Wise service so they can assess their options."
  

Back to Index


Similar News to this Story

2025 is a key year for pensions to consider their endgame
Aon has said that 2025 is a key year for UK pension schemes and has formed the UK Endgame Strategy team to help schemes with the decision-making proce
How pension tweak could save employers thousands
National Living Wage increased this month from £11.44 to £12.21 per hour. Employer National Insurance (NI) has also risen and the threshold at which e
2024 pension contributions surge but gender gap widens
New analysis from PensionBee highlights a sharp increase in pension contributions in 2024, despite ongoing pressures on household budgets.

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.