Prudential Annuities has increased access to its flexible lifetime annuity, enabling funds from open...
Prudential Annuities has increased access to its flexible lifetime annuity, enabling funds from open market option personal pension funds to be accepted. Investors can now remain a member of their original scheme but buy the annuity using the open market option.
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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£116.8m of benefits received by customers