UPDATED: Friends Life backtracks on freedom and choice offering

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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 Fr...

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