AXA Sun Life is allowing those that opt for its occupational drawdown plan, launched last week, to n...
AXA Sun Life is allowing those that opt for its occupational drawdown plan, launched last week, to nominate a charity of their choice in the event the group becomes the recipient of a windfall profit from the product. If a scheme member goes into occupational drawdown and dies before buying an annuity the proceeds will pass to the spouse. If the spouse dies before age 75 then the funds go back to the employer. However, if the employer company has been wound up or no longer exists, then the pension funds will go back to the product provider. Paul Smith, head of pensions development at AXA ...
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