Prudential advises clients to contract back in to S2P

The company is planning to send letters to 440,000 contracted-out customers with updated information and views to enable them to make an informed decision. In the letter, Prudential say they strongly believe most people should contract back in for the 2005/2006 tax year, as they think the rebates paid by the Government will provide clients with lees than they would receive from the S2P at retirement. Prudential will add that if clients contract back in, they can always contract back out at a later date, and that the decision will only affect future rebates, as all previous rebated paid ...