Myth busting: Unpicking death benefit changes

The initial announcements in September 2014 on the death benefit changes were received with disbelief from the adviser community. It did all seem too good to be true, but the majority of the announcements have appeared in legislation as stated, although a little more complicated in places than they possibly needed to be. The only outstanding legislation we are waiting for relates to joint life annuities and guarantee period payments, which were announced later in the Autumn Statement.   Lump sums The main change regarding lump sum death benefits is the lack of distinction betw...