At the end of June the Pension Schemes Office (PSO) issued Update 54 detailing the final guidelines ...
At the end of June the Pension Schemes Office (PSO) issued Update 54 detailing the final guidelines on occupational drawdown and the flexible use of additional voluntary contributions (AVCs) and free-standing additional voluntary contributions (FSAVCs However, receiving the final rules means the start of a new decision-making process because occupational flexibility is not compulsory. Trustees do not have to offer the new features and they should weigh up very carefully any benefits that offering them would bring to members against the considerable additional administrative burden involved...
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