Tomorrow, Swiss Re's retirement specialist, will not remove the option to convert pension policies to self invested personal pensions (SIPPs) at the end of the year.
The provider says it sent a letter to policyholders in error last week telling them it would withdraw the option from January 2008. A statement says: “Tomorrow's internal sign-off processes with respect to policyholder communications are typically rigorous, ensuring that high-quality and accurate information is released to our customers and their advisers. On this occasion, we regret, this letter was issued in error. “Tomorrow would like to make it clear that, at no time did it have any intention of withdrawing this option. The option will continue to be made available to policyholders wh...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
