Friends Life scraps AMDs ahead of law change

clock

Friends Life is changing its charging structures to reflect a proposed ban on active member discounts (AMD).

The provider announced its AMD schemes will be given an option to move to a single charge for all members with immediate effect. This follows the Department for Work and Pensions (DWP) consultat...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Under half of employers have reviewed their pension schemes in the last year

Under half of employers have reviewed their pension schemes in the last year

One in ten employers have never checked to see if scheme offers value for money

Martin Richmond
clock 02 September 2025 • 2 min read
Hymans Robertson launches long-term corporate adequacy project

Hymans Robertson launches long-term corporate adequacy project

Consultancy says corporates will need to be at the ‘forefront’ of future pension adequacy provision

Martin Richmond
clock 26 August 2025 • 3 min read
SPP urges Pensions Commission to define adequacy and understand barriers

SPP urges Pensions Commission to define adequacy and understand barriers

SPP calls on commission to set out long-term plan to increase AE contribution rates

Martin Richmond
clock 21 August 2025 • 3 min read
Trustpilot