Friends Life will not be offering its customers the uncrystallised funds pension lump sum (UFPLS) option under the freedom and choice reforms, the provider has confirmed.
It is currently writing to 1,300 customers who had requested partial withdrawals to say this would not be possible, although it plans to provide this option "in due course". A spokesman for Frie...
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 for 12 months, 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
