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AJ Bell has called for simplification of the rules governing uncrystallised funds pension lump sums (UFPLS) and said demand for the option may not exist in the retail market.
People who opted to take greater retirement income through the money purchase scheme pension option have been left unable to take advantage of pensions freedom, a provider has said.
Axa Life Invest has added a death benefit guarantee to its drawdown offering to protect the amount passed on to family or dependents if a client dies before age 75.
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