Things you may not know about PCLS

I wrote recently of ten important things to know about pension commencement lump sum (PCLS) protection, but notably only covered scheme-specific and standalone lump sums. However, there is a third form of PCLS protection that is arguably more complicated and more important as it affects clients with the biggest funds - enhanced and primary protected PCLS. From what follows you will note that there are a number of factors to consider, but with the appropriate knowledge, careful planning and foresight, it is possible to make sure that not only is the client's PCLS maximised but flexibility is...