Phoenix Life has backed down from demanding a saver get financial advice before it would release his £13,300 pension pot.
The pension group had said Fred Ford must provide proof he had consulted a financial adviser about his decision to withdraw all of his pension, which came with the benefit of a guaranteed annuity r...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
